Huntington Comprehensive Treatment Center in West Virginia West Virginia-based Acadia Healthcare, along with subsidiary CRC Health, has agreed to dole out $ 17 million to settle accusations of fraud, representing the largest fraud-related settlement in the history of the state, according to a settlement agreement released this week. CRC Health had been accused of collecting… Read More »
New York City Mayor Bill de Blasio announced a new healthcare plan for “all New Yorkers” to include illegal immigrants and low-wage workers that would cost the city $ 100 million a year. De Blasio made his announcement on Tuesday hours before President Trump was scheduled to air a national address regarding the government shutdown… Read More »
Universal Health Services grew its third-quarter profit by nearly 22% year-over-year, the investor-owned hospital chain announced Thursday. The King of Prussia, Pa.-based company reported $ 171.7 million in net income during the quarter, up from $ 141.2 million during the same period in 2017. Net revenue rose by 4.2% to $ 2.65 billion, compared with… Read More »
An investigation traced products including ground beef and beef patties to JBS Tolleson, Inc. (iStock) An Arizona-based beef company has recalled over 6.5 million pounds of meat over concerns that it could be potentially contaminated with salmonella. Investigators linked 57 illnesses across 16 states to JBS Tolleson, Inc. products including ground beef and beef patties.… Read More »
Health Management Associates agreed to pay more than $ 260 million and entered a deferred prosecution agreement to settle criminal charges for allegedly paying physicians kickbacks and defrauding Medicare, Medicaid and other federal programs, the Justice Department said Tuesday. HMA, which was acquired by the for-profit hospital Community Health Systems in 2014, allegedly paid physicians… Read More »
(Reuters Health) – Prescription drug shortages may drive up prices twice as much as they would rise with medicines in abundant supply, adding $ 230 million a year to U.S. drug costs, a new study estimates. Researchers examined data on 90 medications involved in shortages between December 2015 and December 2016. They compared average wholesale… Read More »