Blue Cross and Blue Shield of Minnesota and its family of companies (Blue Cross) today announced audited financial results for 2016. Blue Cross ended the year with a net operating loss of $322.4 million on full-year revenues of $12.1 billion, for a … [Continue reading]
Minnesota Council of Health Plans report operating losses over $680 million
Minnesota health insurers reported $687 million in operating losses for 2016, according to information released today by the Minnesota Council of Health Plans. Medical reserves were tapped to pay for doctor visits, nursing, hospital stays, … [Continue reading]
Sirius Acquires ArmadaGlobal
Sirius International Insurance Group, Ltd. has acquired ArmadaCorp Capital, LLC., a market leading provider of supplemental healthcare insurance products and administration services in the United States. … [Continue reading]
Texas Legislators File Bills to Increase Health Insurance Transparency, Oversight
The Texas Association of Freestanding Emergency Centers (TAFEC) supports legislation introduced in the Texas Legislature aimed at increasing oversight of health insurance companies and protecting consumers from surprise medical costs. … [Continue reading]
Blue Cross Blue Shield Of Massachusetts Program To Care For Chronically Ill Seniors At Home
In an effort to improve care and support for our members who are faced with serious illnesses, today Blue Cross Blue Shield of Massachusetts (Blue Cross), the largest health plan in the Commonwealth, announced it will partner with Landmark Health on … [Continue reading]
Half of Patients’ Out-of-Pocket Spending for Brand Medicines Is Based on List Price
More than half of commercially-insured patients' out-of-pocket spending for brand medicines is based on the full list price, according to a new analysis from Amundsen Consulting, a division of QuintilesIMS. The data also show cost -sharing for nearly … [Continue reading]
Report: Link Between Population’s Health and Growing Economy, Higher Incomes and Lower Unemployment
The Blue Cross Blue Shield Association (BCBSA) today released the second edition of a Moody's Analytics report that finds a direct link between a population's health and a growing economy, higher incomes and lower unemployment. … [Continue reading]
PhRMA Report on Cost-Sharing Misses the Mark
The Pharmaceutical Care Management Association (PCMA) today released the following points regarding a new PhRMA report on patient out-of-pocket spending: -- According to the Centers for Medicare and Medicaid Services (CMS), the average amount … [Continue reading]
WellCare to Release First Quarter 2017 Results
WellCare Health Plans, Inc. (NYSE: WCG) today announced that it will release its financial results for the first quarter of 2017 on Wednesday, May 3, 2017, at approximately 6:00 a.m. EDT. The company will also host a conference call at 8:00 a.m. EDT … [Continue reading]
DW Healthcare Partners Closes Fourth Fund
DW Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, announced today the closing of its fourth fund totaling USD $295 million in total capital commitments. This brings DW Healthcare Partners' total capital … [Continue reading]
Symbility Solutions to Announce Annual and Q4 2016 Financial Results
Symbility Solutions Inc. ("Symbility") (TSX.V: SY), a global software company focused on modernizing the insurance industry, confirmed that it will release its fourth quarter and full year 2016 financial results before market open Tuesday, April 11, … [Continue reading]
ASPiRA Labs Announces TriCare South Contract
ASPiRA Labs, a Vermillion company (NASDAQ: VRML), today announced it has signed an in-network, contracted agreement with TriCare South for ASPiRA's U.S. FDA cleared, Centers for Medicare and Medicaid Services (CMS) covered, American College of … [Continue reading]
Combined Insurance Donates $30,000 to Luke’s Wings
Combined Insurance, a leading provider of individual supplemental accident, disability, health, and life insurance products, and a Chubb company, demonstrates its continued commitment to giving back to U.S. servicemen and women with a $30,000 … [Continue reading]
Health Insurance Important For Students Studying Abroad
It is that time of year when offers of university places start to drop into electronic mailboxes around the world. Higher education is big business now, places at UK universities are some of the most sought after in the world. These institutions will … [Continue reading]
Healthcare Revenue Cycle Workflow Transformed by Recondo Technology
Recondo Technology, the market leader in cloud-based single-platform revenue cycle management (RCM) solutions, has released a suite of application programming interfaces (APIs) to significantly streamline payment, improve patient satisfaction, and … [Continue reading]
Centene Corporation Appoints Chris Koster
Centene Corporation (NYSE: CNC) has appointed former Missouri Attorney General Chris Koster to Senior Vice President, Corporate Services effective today. Mr. Koster will report directly to Chairman, President and CEO Michael F. Neidorff, and will … [Continue reading]
Talix and Geisinger Health Plan to Present on Data Analytics for Risk Adjustment
Talix, Inc., a premier provider of risk analytics solutions for value-based care, today announced that Shahyan Currimbhoy, senior vice president of product management and engineering at Talix, and Karena Weikel, ASA, FAHM, CSFS, vice president of … [Continue reading]
National Alliance Releases Health Policy Recommendations
Don't repeal the Affordable Care Act (ACA) without specifying what will replace it. This is among the policy recommendations issued by the National Alliance of Healthcare Purchaser Coalitions (National Alliance), a nonprofit, membership association … [Continue reading]
Actuaries Examine Implications of ACA Reform and Replacement Proposals
In three new issue briefs, the American Academy of Actuaries examines a number of key public policy considerations that policymakers should weigh when evaluating specific proposals for reforming or replacing the Affordable Care Act. Developed by the … [Continue reading]
Nursing Organizations Urge President Trump, Congress to Make High-Quality, Affordable Health Care Access a Top Reform Priority
America's leading nursing organizations and the over 3.5 million nurses they represent, today called on the Trump Administration and Congress to prioritize patient health and the patient-provider relationship in any health reform proposals. … [Continue reading]
Consumer Watchdog Says Anthem Consumers in California Discover Health Plans No Longer Provide Out-of-Network Coverage
Consumers are just beginning to discover that Anthem eliminated coverage for out-of-network doctors now that the Affordable Care Act "Open Enrollment Period" to secure health coverage for 2017 ended on January 31. … [Continue reading]
Aflac Choice Hospital Insurance Policy Offers First-to-Market Initial Assistance Benefit Option
Aflac, the leader in voluntary insurance sales at the worksite in the United States, is making it even easier for customers to access much-needed financial support while they are in the hospital. … [Continue reading]
Best and Worst States for Group Health Insurance
Employer-sponsored health insurance is greatly affected by geographic region, industry, and employer size. While some cost trends have been fairly consistent since the Patient Protection and Affordable Care Act (ACA) was put in place, United Benefit … [Continue reading]
Secretary of Health Urges U.S. Legislators to Consider How Repealing ACA Could Eliminate Critical Health Funding for the Commonwealth
Secretary of Health Dr. Karen Murphy is urging the commonwealth's U.S. Congressional delegation to consider the effect that repealing the Affordable Care Act (ACA) could have on all Pennsylvanians, especially children and seniors in need. … [Continue reading]
Blue Cross Blue Shield of Massachusetts Partners With Ameresco and BlueWave
Energy credits generated from local solar projects owned by Ameresco and co-developed with BlueWave in Hopedale and Mendon, MA will reduce BCBSMA's electricity costs, enable clean, local community solar power, and help reduce air pollution in … [Continue reading]
Discern Health Affiliates with Dr. Mai Pham as Senior Advisor
Discern Health has announced their affiliation with Mai Pham, MD, MPH as a Senior Advisor. Mai most recently served as Chief Innovation Officer at the Centers for Medicare & Medicaid Innovation (CMMI). Among other achievements at CMMI, Mai … [Continue reading]
International Medical Group Appoints Chief Revenue Officer
International Medical Group® (IMG®), a leader in global benefits and assistance services, has named Craig Peters as chief revenue officer (CRO). … [Continue reading]
N.J. Hospitals Sustained $1.5 Billion in ACA Funding Cuts
Hospitals and health systems in New Jersey have already absorbed nearly $1.5 billion in funding cuts since the Affordable Care Act was enacted in 2010, with the promise of expanded healthcare coverage to mitigate these losses. As the 115th Congress … [Continue reading]
2017 Greets PBMs With New CMS Report
The President and CEO of the Senior Care Pharmacy Coalition (SCPC) today predicted the increasingly apparent role of Pharmacy Benefit Managers (PBMs) as unaccountable middlemen in the national drug pricing chain will result in a higher level of … [Continue reading]
Kaiser Permanente Earns Top Marks for Providing High-Quality Care
The Permanente Medical Groups serving Kaiser Permanente members and patients across California received 5-star ratings for overall performance — the highest recognition possible by the California Office of the Patient Advocate — in the second annual … [Continue reading]
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