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Winner Medical third-quarter net sales increase 27.0% to $30.9 million

Winner Medical Group Inc., a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton materials for the medical and consumer products industries in China, today reported that third quarter fiscal year 2010 revenue year-on-year increased 27.0%, to $30.9 million, net income increased 10.1% to $3.4 million and a sales of PurCotton products year-on-year increased 114.0%, to $2.6 million.

11 Aug 2010

MAXIMUS Long-term Care Solutions to help states address growing numbers of people with disabilities

MAXIMUS, Inc., a leading provider of government services worldwide, announced today that it has launched its Long-term Care Solutions to help states address the growing numbers of elderly individuals and people with disabilities, while benefiting from the increased flexibility and funding offered under the Affordable Care Act.

11 Aug 2010

Calif. considers reduction in funding for home care aides; Ill. union workers strike over health issues at uranium conversion plant

California, facing a $19.1 billion budget gap, is considering a reduction in funding that pays for home care aides for the disabled. It already cut funds last year. … Last month, the nation celebrated the 20th anniversary of the Americans With Disabilities Act … Now, though, gains made under the ADA are running into recession-battered state budgets.

10 Aug 2010

Arcadia Resources first-quarter net revenues decrease to $25.8 million

Arcadia Resources, Inc., a leading provider of innovative consumer health care services under the Arcadia HealthCare(SM) brand, today announced fiscal 2011 first quarter net revenues of $25.8 million and a net loss of $4.0 million, or $0.02 per share, which compares to net revenue of $26.4 million and a net loss of $4.6 million, or $0.03 per share for the same period in the fiscal 2010.

9 Aug 2010

CNA commends CMA for new report on health-care transformation

A new Canadian Medical Association report on health-care transformation was met with a mix of optimism and concern by the Canadian Nurses Association.

5 Aug 2010

National Research acquires OCS through stock purchase agreement

National Research Corporation today announced it has acquired, via stock purchase agreement, Outcome Concept Systems, Inc., a privately-held healthcare informatics firm, in an all-cash transaction.

4 Aug 2010

Bayshore Home Health announces acquisition of CCT

Bayshore Home Health announced today the purchase of Windsor, Ontario-based home health care company Community Care Therapy Limited. The acquisition expands Bayshore's home care service offerings to include occupational therapy, physiotherapy and speech language pathology.

4 Aug 2010

Today's OpEds: Medicaid and the safety net; Health reform law's impact on long-term care and health costs

Late last week, the federal government provided a road map [for how to help those with little access to care] by extending an existing agreement that allows up to $25 million in Medicaid payments to hospitals to be diverted instead to clinics that serve the uninsured. You might think that would be a hard sell for hospitals; after all, they're experiencing sharp growth in the number of uninsured patients they serve. But St. Louis-area hospitals willingly have been sharing those payments with clinics for a decade. Without them, there simply wouldn't be a health care safety net to meet the region's needs (8/1).

2 Aug 2010

BioScrip second-quarter 2010 revenue increases 25% to $412.0 million

BioScrip, Inc. announced 2010 second quarter revenue of $412.0 million, operating income of $13.5 million and net income of $3.1 million, or $0.06 per diluted share. Second quarter adjusted earnings per share (detailed in schedule 5) was $0.07 per diluted share. Adjusted EBITDA for the quarter was $18.4 million. All 2010 per share amounts have been adjusted to reflect the Company's issuance of 13.1 million shares in conjunction with the acquisition of CHS.

30 Jul 2010

Chemed second-quarter consolidated revenues increase 6.7% to $315.0 million

Chemed Corporation, which operates VITAS Healthcare Corporation, the nation's largest provider of end-of-life care, and Roto-Rooter, the nation's largest commercial and residential plumbing and drain cleaning services provider, reported financial results for its second quarter ended June 30, 2010, versus the comparable prior-year period.

29 Jul 2010

Senate Subcommittee approves HHS funding bill, other health care bills readied

CongressDaily: The Senate Labor-Health and Human Services Appropriations Subcommittee approved a draft funding bill Tuesday for HHS, "moving a bill that would provide $170 billion in discretionary spending to related federal agencies, nearly $1 billion under the president's request." The bill gives $732 billion to the Department of Health and Human Services, $306 million more than the administration requested. "The House Labor-HHS Appropriations Subcommittee gave the health agency a similar boost in funding."

29 Jul 2010

First Edition: July 28, 2010

Today's headlines reflect developments regarding the health insurance marketplace and the implementation of the new health law.

28 Jul 2010

Today's OpEds: The challenge of medicare spending; Two views of Massachussets; Regulating premiums

Health reform can be assessed from the perspective of four groups that collectively include most Americans. For those who are now in Medicaid or who are uninsured, reform will be a major gain. For those who obtain health insurance in the individual and small-group markets, reform should bring improvements. For those who have health insurance from midsize- and large-group insurers, reform will bring little change. Finally, for Medicare beneficiaries, reform promises to bring positive change.

23 Jul 2010

3M second-quarter global sales increase 17.7% to $6.7 billion

3M today reported record second-quarter earnings of $1.54 per share on sales of $6.7 billion. Sales and per-share earnings increased 17.7 percent and 37.5 percent, respectively, versus the second quarter of 2009. Excluding special items recorded in the second quarter of 2009, earnings per share rose 28.3 percent.

22 Jul 2010

Severe state budget shortfalls trigger Medicaid program cuts

As states face severe budget shortfalls, many have cut home-care services for the elderly or the disabled, programs that have been shown to save states money in the long run because they keep people out of nursing homes. Since the start of the recession, at least 25 states and the District of Columbia have curtailed programs that include meal deliveries, housekeeping aid and assistance for family caregivers, according to the Center on Budget and Policy Priorities, a research organization.

22 Jul 2010

First Edition: July 21, 2010

Today's headlines include news regarding specific examples of what could happen at the state level if Congress doesn't extend enhanced federal Medicaid funding.

21 Jul 2010

Access selects BioScrip as exclusive distribution and service partner for MuGard

ACCESS PHARMACEUTICALS, INC., a biopharmaceutical company specializing in products for cancer and supportive care, announced today it has signed an exclusive specialty distribution agreement with BioScrip for its lead product, MuGard -- an FDA-approved, ready-to-use mucoadhesive oral wound rinse for the management of oral mucositis, a debilitating side effect of radiotherapy and/or chemotherapy.

20 Jul 2010

Patient advocacy groups, home medical associations call for end to Medicare competitive bidding program

In a letter signed by 58 patient advocacy groups and home medical equipment associations, the American Association for Homecare urged Congress to pass H.R. 3790, a bill to repeal the Medicare competitive bidding program for durable medical equipment in a budget-neutral manner. The bill currently has 252 cosponsors in the U.S. House of Representatives.

17 Jul 2010

AD may lead to increased risk of comorbid conditions, research shows

Pfizer Inc., together with its collaborator on the Alzheimer's Immunotherapy Program, Janssen Alzheimer Immunotherapy, presented new research this week at the Alzheimer's Association International Conference on Alzheimer's Disease 2010 from two podium and four poster presentations.

14 Jul 2010

New research shows there is great need for culturally-appropriate Alzheimer care resources

Racially and ethnically diverse older adults are one of the fastest growing population segments in the United States and new research presented today at the Alzheimer's Association International Conference on Alzheimer's Disease 2010 in Honolulu reveals that older African-Americans and Latinos with significant cognitive impairment have a lower likelihood of nursing home placement and longer survival than White older adults in the study.