Health care industry
The Minnesota Association of Nurse Anesthetists, on behalf of the U.S. government, has filed a complaint alleging widespread Medicare fraud by anesthesiologists and hospitals in the Twin Cities and greater Minnesota. The complaint, unsealed by a U.S. District Court, alleges that the defendants submitted approximately 28,000 false
Health care industry
Blue Cross and Blue Shield of Western Pennsylvania, Pennsylvania Blue Shield, and Keystone Health Plan West have approved new pricing proposals from six local hospitals, marking the beginning of significant changes in the region's managed care landscape. The reform aims to reduce costs for Blue Cross managed care
Health care industry
Bergen Brunswig Corporation, in collaboration with Baxter Healthcare Corporation, has formed an alliance to provide the distribution channel for products to the Baylor Health Care System (BHCS) and its affiliates. This strategic partnership aims to revolutionize the continuum of care by making the distribution process more efficient through materials management.
Health care industry
First Financial Management Corporation (NYSE: FFM), a worldwide leader in information services, has announced a definitive agreement to acquire Employee Benefit Plans, Inc. (NYSE: EBP) for approximately $125 million. The transaction, subject to approval by EBP shareholders and certain regulatory agencies, will see EBP shareholders receive 0.1975 shares of
Health care industry
ProxyMed, Inc. announced its operating results for the first quarter ended March 31, 1995, reporting a sharp reduction in operating losses from the third and fourth quarters of 1994. The company's operating loss decreased to $707,690 in the first quarter, down from $1.29 million and $1.
Health care industry
Health Professionals Inc., a health care delivery system, has announced that its principal subsidiary, Center for Special Immunology Inc., has signed research agreements with two major pharmaceutical companies to participate in HIV clinical trials. The contracts, valued at $550,000 and $500,000 respectively, will support studies on protease inhibitors
Health care industry
The acquisition of Salick Health Care Inc. by Zeneca Ltd. in April 1995 may be the first of many drug company takeovers of managed care providers and doctors' practices, raising ethical concerns. Zeneca, a UK-based international pharmaceutical firm with $6.5 billion in sales in 1994, acquired 50% of
Health care industry
CareWare Systems, a Tampa-based developer of managed care software, has announced the sale of its Managed Care System to WorkHealth Healthcare Management, Inc. This strategic partnership will enable WorkHealth to implement comprehensive work injury management services to its customers, utilizing CareWare's Version 2.0. The system's
Health care industry
Foundation Health Corporation announced that its government contracts subsidiary, Foundation Health Federal Services, Inc. (FHFS), has been awarded the Department of Defense TRICARE Region 6 Managed Care Support contract valued at approximately $1.8 billion over five years. The contract will provide a comprehensive managed care program for approximately 590,
Health care industry
First Fidelity Bank has partnered with Crozer-Keystone Health System to support breast cancer research and screening programs in Delaware County. The $15,000 grant aims to address the growing concern of breast cancer in the community, where an estimated 140 women will die of the disease this year. Crozer-Keystone Health
Health care industry
A collaborative effort between the Network Services Division of Sterling Software, Inc. and Care Delivery Management, Inc. (CDMI), an affiliate of Blue Cross and Blue Shield of Minnesota (BCBSM), aims to reduce costs and paperwork involved in processing health care benefits enrollment information. The two companies will provide EDI-based benefits
Health care industry
Salick Health Care, a leading provider of diagnosis and treatment for patients with catastrophic illnesses, has finalized its merger with Zeneca Group PLC, a British bioscience and pharmaceutical company. The merger was approved by Salick's stockholders at its annual meeting, and the transaction was consummated immediately after. As
