CMS gives skilled nursing, rehab facilities a $370 million raise

Bipartisan coalition looks to solve problem of individual market

In the wake of the Congress’ failure to pass a bill repealing and replacing Obamacare, the so-called Problem Solvers Caucus is advancing a set of principles aimed at bringing stability to a shaky insurance market.  READ MORE

CMS gives skilled nursing, rehab facilities a $370 million raise

Skilled-nursing facilities and inpatient rehabilitation facilities will get pay increases next year, but nowhere near the ones they got for 2017.  READ MORE

A logo sign outside of the headquarters of Laboratory Corporation of America Holdings (LabCorp) in Burlington, North Carolina on November 27, 2015. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field ***LabCorp to buy Chiltern in $1.2 billion deal 

There has been a recent wave of consolidation among contract research organizations as companies look to grow their pharmaceutical services and cut costs.  READ MORE
MARKETS/FINANCIALS

Poor earnings, rather than ACA repeal efforts, now pressure hospital stocks

Hospital stocks have received a one-two punch thanks to the Senate’s attempts to repeal the Affordable Care Act and a poor start to the second-quarter earnings season.  READ MORE

Zuckerberg and Chan donate $10 million to UCSF for big-data projects

The money from the pediatrician and her Facebook co-founder husband will fund several big-data projects including one to unite health records from several medical campuses into one database. READ MORE
PAYMENT

What’s the right Rx for lowering hospital readmissions?

Skilled-nursing facilities are changing their operations in reaction to the ongoing push to minimize hospital readmission rates. Worried about losing out on Medicare payments, some facilities are investing in unique approaches.  READ MORE
LAW AND REGULATION

Florida healthcare official charged in $1B Medicare/Medicaid fraud case

The healthcare administrator allegedly accepted bribes in exchange for helping a nursing home owner accused of orchestrating a $1 billion Medicare and Medicaid fraud scheme keep his license, federal prosecutors said.  READ MORE

CMS seeks to automate hospice selection process

The CMS will change an enrollment policy that prevented hospices from being reimbursed for nearly 90,000 days of end-of-life care for Medicare beneficiaries. That amounted to more than $14 million in lost revenue.  READ MORE
POLITICS AND POLICY

Alabama scuttles plans for managed care 

Alabama killed plans to switch its Medicaid program to managed care due to uncertainty over the future of federal Medicaid funding and strict federal rules.  READ MORE

House moves to extend choice program, end VA budget crisis

The U.S. House of Representatives overwhelmingly approved a $3.9 billion emergency spending package to address a budget shortfall at the Department of Veterans Affairs that threatens medical care for thousands of veterans.  READ MORE

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