KATHERINE DAVIS
TECHNOLOGY & HEALTH CARE JOURNALIST
Modern Healthcare
Wheaton Franciscan Services posted a higher surplus for the year ended June 30 after the Illinois-based system saw a sharp decrease in uncollectable bills from patients who are now covered by Medicaid.
Global biopharmaceutical company AbbVie reported Friday a hefty gain in its third-quarter profit as the result of increasing sales of Humira, a prescription drug that treats rheumatoid arthritis, Crohn's disease and similar inflammatory disorders.
Skilled-nursing and rehabilitation provider Mid-Atlantic Health Care is acquiring four skilled-nursing facilities in western Maryland from Magnolia Management.
Medtronic, one of the country's largest medical technology, services and solutions companies, saw revenue climb in its second quarter while earnings suffered because of the acquisition of Covidien in January.
Pharmacy benefit manager Express Scripts Holding Co. says more clients are sticking with the company as it rolls out new strategies for keeping prescription drug costs under control.
In an effort to better serve its rural communities, Blue Cross and Blue Shield of Alabama this month began reimbursing providers for telemedicine services.
While Ascension Health, the largest not-for-profit health system in the U.S., is benefiting from Medicaid expansion, its operating margin dipped slightly in its most recent quarter as expenses rose faster than the revenue gains.
Centura Health, a subsidiary of Catholic Health Initiatives and Adventist Health Systems, has been given a 2015 HIMSS Enterprise Davies Award. The honor recognizes health systems that use health information technology to improve patient outcomes and achieve return on investments.
Pocono Health System, East Stroudsburg, Pa.. and Lehigh Valley Network, based in Allentown, Pa., announced Wednesday that they have signed a merger agreement expected to close in the first half of 2016. The systems signed a letter of intent in May.