People newly covered by Medicaid drove a significant increase in prescription drug use in 2014, reports The New York Times.» Read More
Oct 28- Aetna Inc, the third-largest U.S. health insurer, said on Tuesday that third-quarter profit rose as the benefits of its Coventry government healthcare acquisition offset higher medical costs in its commercial business. This is also the first full year of owning the Coventry business, which specializes in Medicare and Medicaid plans from the U.S....
Oct 28- Health insurer Centene Corp reported a better-than-expected adjusted profit in the third quarter as it signed on more Medicaid members. About 70 percent of the total were Medicaid members. Net profit attributable to Centene rose to $82.6 million, or $1.36 per share, in the quarter ended Sept. 30, from $49.4 million or 87 cents per share.
NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said some of these services might have been...
NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said the fraud led to the city and Computer...
Jeff Merkley, a U.S. senator from Oregon, was improperly enrolled into low-income Medicaid by Cover Oregon.
Virginia Gov. Terry McAuliffe, stymied in his efforts to expand Medicaid in the state, Monday said he would extend health coverage to 25,000 people.
Hospitals in states that expanded Medicaid are reaping financial benefits in excess of original estimates, a new report found.
Pennsylvania's Medicaid expansion plan could be changed a bit if Democrat Tom Wolf beats Gov. Tom Corbett this fall.
Medicare’s five-year-old rating system to help families select nursing homes relies on unverified, incomplete and often misleading data. The NYT reports.
Former Sen. Bob Kerrey, (D-Neb.), shares his thoughts on the runaway costs of government programs, including health care.
Virginia state Sen. Phillip Puckett's resignation may bring new jobs for him and his daughter, but has angered fellow Democrats.
WICHITA, Kan., May 29, 2014-- Pulse Systems, Inc., an industry-leading provider of Electronic Health Record, Practice Management and Revenue Cycle Management solutions, announced today that the Centers for Medicare and Medicaid Services has named Pulse's Physician Quality Reporting System a qualified registry for 2014. Pulse's PQRS Registry enables Eligible Professionals to seamlessly report specific quality measures through the Pulse Complete EHR or PulsePro Practice Management solutions to earn incentive payments from CMS.
WATERTOWN, Mass., May 28, 2014-- athenahealth, Inc., a leading provider of cloud-based services for electronic health record, practice management, and care coordination, today announced the 2014 PayerView ® Report, an annual report that leverages athenahealth's cloud-based data across its national network of health care providers to deliver unprecedented insight into the provider-payer relationship.
PHILADELPHIA, May 20, 2014-- Independence Blue Cross announced today that as of April 30, 2014, more than 165,000 individuals in southeastern Pennsylvania purchased the insurer's coverage through the Pennsylvania federal Marketplace or directly through the company during the first open enrollment under the Affordable Care Act. Of the more than 165,000 individuals enrolled in Independence's new health plans that meet the requirements of the ACA, 80 percent enrolled through the federal Marketplace, healthcare.gov.
Sen. Marco Rubio, (R-Fla.), shares his thoughts on creating more competition and options for Medicare participants. And Rubio discusses his plan to create a place for people to invest other than Treasurys and the nature of the future economy as more people work beyond age 65.
Despite an estimated $8- $10 million negative revenue impact from severe weather and Medicare reimbursement cuts, Adjusted EBITDA increased 8.2%, from $25.6 million in the first quarter of 2013 to $27.7 in the first quarter of 2014 Implementation from the previously announced $30 million cost savings initiatives enhanced operating margins Same-center revenue from centers not impacted by the east coast extreme weather conditions increased 4.2% from last year's first quarter Procedural volumes are benefitting from the over 8 million enrollees in state and privately managed health insurance exchanges, including over 1.4 million enrollees in California Completed the refinancing of its junior debt capital during the quarter, yielding over $5 million of annual interest cost savings, increasing financial flexibility and extending maturities Ignoring the loss from debt extinguishment associated with the refinancing, RadNet narrowed its net loss by approximately $300 thousand as compared to the first quarter of 2013 Recognized approximately $1.8 million in Meaningful Use incentives from the implementation of its Information Technology solutions; RadNet expects to recognize up to an additional $6 million of these incentives over the next three years Updated 2014 guidance levels, increasing Adjusted EBITDA, lowering cash interest expense and increasing free cash flow levels.
According to a Gallup poll, Obamacare helped 10 million Americans to get new health insurance, making the percentage of insured people plummet.
The effects of Obamacare will be difficult to measure as the Census Bureau is changing its annual survey. NYT reports.
"But by strategically allocating the Medicaid funds and working with New York State, healthcare providers can create incentives and payment methodologies that will improve the way quality healthcare is delivered to some of our most vulnerable populations."
A massive dump of data about Medicare reimbursements to physicians raised eyebrows for the millions paid to some doctors, but the data aren't perfect.