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Mountain States, Wellmont boards approve programs’ merger

The boards of Mountain States Health Alliance and Wellmont Health System voted unanimously to approve their merger, in response to a monetary filing issued Thursday. The new 21-hospital system serving northeast Tennessee and southwest Virginia was rebranded as Ballad Health. Both Tennessee and Virginia approved the organizations’ certificate of public …

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Cigna CEO sees opportunity in Amazon’s new venture

(Updated at 1 p.m. ET) Cigna Corp., which reported increased 2017 fourth-quarter and full-year income on Thursday, is not nervous in regards to the potential risk posed by the Amazon-JPMorgan Chase-Warren Buffett mashup unveiled earlier this week, despite the fact that the announcement despatched insurance coverage shares spiraling down. Instead, …

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Washington residents’ tab for unnecessary care in a 12 months: $280 million-plus

Roughly 622,000 Washington state residents acquired low-value providers over one 12 months, which collectively value about $282 million, a new report discovered. The not-for-profit Washington Health Alliance’s examine discovered that 45.7% of the 1.5 million whole providers it analyzed from July 2015 to June 2016 have been unnecessary and wasteful …

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Docs worry CMS measures ping them for costs out of their control

Some clinicians say they are not assured a brand new set of measures will precisely observe if they’re saving Medicare cash. This previous summer season the CMS piloted eight new measures below the Merit-based Incentive Payment System. They observe value information for eight procedures and medical circumstances together with percutaneous …

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