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Community Health Systems Inc

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  • WASHINGTON, May 7- Sixteen hospitals will pay $15.69 million to resolve allegations they were reimbursed from Medicare for services that were unnecessary, the U.S. Justice Department said on Thursday. As part of the settlement, Health Management Associates Inc and 14 of its formerly associated hospitals will pay $15 million, Community Health Systems and its...

  • As part of the settlement, Health Management Associates Inc and 14 of its formerly associated hospitals will pay $15 million, Community Health Systems and its subsidiary Wesley Medical Center will pay $210,000, and North Texas Medical Center will pay $480,000, the Justice Department said.

  • For the first quarter, Franklin, Tennessee- based Community Health reported net income of $79 million, or 68 cents a share, compared with a net loss of $112 million, or $1.05 cents a share, a year earlier. Competitors HCA Holdings Inc, the nation's largest hospital operator, and No. 3 Tenet Healthcare Corp this week both posted results that were boosted by growth in...

  • May 5- Community Health Systems Inc on Tuesday reported a quarterly net profit, compared with a year-ago loss, as it treated more patients with insurance obtained through state and federal marketplaces established under the Affordable Care Act. The second-largest publicly traded hospital operator also said results reflected its integration of Health...

  • April 15- HCA Holdings Inc, the largest U.S. hospital operator, reported preliminary quarterly profit and revenue that beat market expectations and raised its full-year forecast, citing a rise in admissions. HCA's results are a positive indicator for what other hospital operators are likely to report, KeyBanc Capital Markets analyst Jason Gurda wrote in a...

  • *Measure spares doctors 21 percent pay cut if passes Senate vote. WASHINGTON/ NEW YORK, March 26- The U.S. House of Representatives on Thursday overwhelmingly approved a bill to permanently repair the formula for reimbursing Medicare physicians, marking a rare bipartisan achievement and sending the issue next to the Senate. The measure drafted and driven...

  • *Measure spares doctors 21 percent pay cut if passes Senate vote. WASHINGTON/ NEW YORK, March 26- The U.S. House of Representatives on Thursday overwhelmingly approved a bill to permanently repair the formula for reimbursing Medicare physicians, marking a rare bipartisan achievement and sending the issue next to the Senate. The measure drafted and driven...

  • BOSTON, March 17- Health insurer Premera Blue Cross said on Tuesday it was a victim of a cyberattack that may have exposed medical data and financial information of 11 million customers in the latest case of healthcare company reporting a serious breach. Premera said it is working with the FBI and investigators from FireEye Inc to investigate the matter.

  • NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...

  • WASHINGTON, March 4- The U.S. Supreme Court appeared sharply divided on ideological lines on Wednesday as it tackled a second major challenge to President Barack Obama's healthcare law, with Justice Anthony Kennedy emerging as a likely swing vote in a ruling. Conservatives Antonin Scalia and Samuel Alito asked questions sympathetic to the challengers.

  • NEW YORK, March 4- Options on U.S. hospital companies were unusually active on Wednesday, with bets leaning to the bullish side as the U.S. Supreme Court heard arguments on a major challenge to President Barack Obama's healthcare law. Shares of major hospital operators rose as investors interpreted comments made by Supreme Court justices during arguments as...

  • WASHINGTON, March 4- The U.S. Supreme Court heard arguments on Wednesday on a second major challenge to President Barack Obama's healthcare law, but no clear majority was immediately apparent in the case that takes aim at a pivotal part of the statute providing tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative...

  • NEW YORK/ BOSTON, Feb 11- Security experts are warning healthcare and insurance companies that 2015 will be the "Year of the Healthcare Hack," as cybercriminals are increasingly attracted to troves of personal information held by U.S. insurers and hospitals that command high prices on the underground market. "People feel that this will be the year of medical...

  • Anthem said that it immediately made every effort to close the security vulnerability and reported the attack to the FBI. Michael McCaul, a Republican from Texas and chairman of the Committee on Homeland Security, said in a statement late Wednesday. The FBI had warned last August that healthcare industry companies were being targeted by hackers, publicizing...

  • Feb 4- Health insurer Anthem Inc said hackers broke into a database containing personal information on about 80 million of its customers and employees, the Wall Street Journal reported. Michael McCaul, a Republican from Texas and chairman of the Committee on Homeland Security, said in a statement late Wednesday. The FBI had warned last August that healthcare...

  • Early Movers: BZH, YHOO, AOL, SEAS, AGN, WMT & more Wednesday, 12 Nov 2014 | 8:27 AM ET

    These are the stocks posting the largest moves before the bell: BZH, YHOO, AOL, SEAS, AGN, WMT & more.

  • Like it or not, Obamacare's juicing health stocks Wednesday, 5 Nov 2014 | 8:50 AM ET
    'HealthCare.gov has a lot of visitors right now!' exclaims a Sunshine Life and Health Advisors website for the Affordable Care Act set up at the Mall of Americas in March 2014 in Miami.

    Want to know what's giving health stocks confidence in profit forecasts? Like it or not, it's the Affordable Care Act, aka Obamacare.

  • Larry Robbins has four big stock ideas Tuesday, 21 Oct 2014 | 1:56 PM ET
    Larry Robbins

    Larry Robbins of Glenview Capital unveiled four new stock picks at the Robin Hood Investors conference Tuesday.

  • Medicaid 'expanding' profits for health systems Wednesday, 3 Sep 2014 | 12:01 AM ET
    Medicine doctor blood pressure

    Hospitals in states that expanded Medicaid are reaping financial benefits in excess of original estimates, a new report found.

  • US bank group: Unaware of 'significant' cyberattack Friday, 29 Aug 2014 | 6:24 AM ET

    An influential U.S. financial services industry group is downplaying concerns about possible breaches at JPMorgan Chase and other banks.