Wellpoint reported fourth quarter and full year earnings which were basically in line with expectations, not including a charge for the disposal of its vision business, and claims its risk pool from the public exchanges is about what it expected.
H.I.G. Capital has sold portfolio company MagnaCare, a TPA operating in the Northeast, to a group led by a Goldman Sachs affiliate.
http://higcapital.com/news/release/705
Feb032014
The Corridor Group, a vendor of compliance and consulting services to the post-acute care sector, has acquired Daymarck, which provides medical coding and OASIS reviews for the same segment.
Catalent, which provides clinical trial supply and related services, has filed for an initial public offering. Catalent was a subsidiary of Cardinal Health and had been sold to a private equity group.
CMS is staking a lot on accountable care organizations reducing spending while improving care for Medicare beneficiaries. A snapshot of early experience finds that 29 out of 114 ACOs generated enough savings to get some back from CMS. According to CMS, overall $380 million was saved. But less than half the programs had lower spending than projected and among Pioneer, or more experienced ACOs, performance was not much better. Many providers are undecided on seeking ACO status, since the $80 per patient savings don't go very far to paying for the immense additive costs of becoming one.
According to a Medical Economics survey, the primary concerns among physicians are reimbursement, paperwork, health care reform and outside interference with their practice decisions and many are frustrated by health information technology systems.
A survey of providers and payers suggests that health information exchanges are in trouble, with most respondents finding they offer poor connectivity and have flawed business models.
ZappRx, which aims to speed up the prescribing and ordering of specialty drugs, has received one million in financing from investors that include GlaxoSmithKline's venture fund.
A brief note from PWC's Health Research Institute assesses the impact on drug manufacturers from the health exchanges, suggesting that there maybe a benefit from more people having insurance, but the size of the benefit may depend on the nature and extent of the drug benefit.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.