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WellCare reports GAAP net income of $6.4 million for first-quarter 2010

WellCare Health Plans, Inc. today reported results for the first quarter ended March 31, 2010. As determined under generally accepted accounting principles, the Company reported net income of $6.4 million, or $0.15 per diluted share, compared with a net loss of $36.9 million, or $0.89 per diluted share, for the prior year period. Adjusted net income for the first quarter of 2010 was $7.4 million, or $0.17 per diluted share, as compared with $12.3 million, or $0.29 per diluted share, for the same period in 2009.

5 May 2010

Pay-for-performance may create unintended financial incentives for doctors to discriminate against obese patients

Pay-for-performance reimbursement models may create unintended financial incentives for doctors to discriminate against obese patients, measuring a patient's waist circumference may be more effective in predicting surgical outcomes than the more traditional body mass index measure, and childhood obesity doubles the risk of developing colon cancer, according to data being presented at Digestive Disease Week- 2010.

5 May 2010

Study finds early follow-up for heart failure patients reduces readmission rates

Hospitals that have a higher rate of following up within one week for patients who were discharged after treatment for heart failure have a lower rate of readmission at 30 days for these patients, according to a study in the May 5 issue of JAMA.

5 May 2010

Pfizer's first-quarter 2010 revenues increase 54% to $16.8 billion

Pfizer Inc. today reported financial results for first-quarter 2010. Since the acquisition of Wyeth was completed on October 15, 2009, legacy Wyeth operations are reflected in first-quarter 2010 results, but not in first-quarter 2009 results. First-quarter 2010 revenues were $16.8 billion, an increase of 54% compared with $10.9 billion in the year-ago quarter.

5 May 2010

Health Net reports net earnings of $16.1M in 2010 first quarter

Health Net, Inc. today announced 2010 first quarter GAAP net income of $16.1 million, or $0.16 per diluted share, compared with $22.0 million, or $0.21 per diluted share, for the first quarter of 2009.

5 May 2010

Bundling could save health care dollars if snags are overcome

"Bundling payments to hospitals and doctors for episodes of care is gaining momentum in the federal government and in the private sector as a way to increase provider accountability and improve care -- but lingering challenges may deter its application on a broader scale."

5 May 2010

Kindred Healthcare first-quarter consolidated revenues increase 2% to $1.1 billion

Kindred Healthcare, Inc. today announced its operating results for the first quarter ended March 31, 2010. All financial and statistical information included in this press release reflects the continuing operations of the Company's businesses for all periods presented unless otherwise indicated.

5 May 2010

Bristol-Myers Squibb board authorizes common stock repurchase program

Bristol-Myers Squibb Company today announced its Board of Directors has authorized the repurchase of up to $3 billion of its common stock.

5 May 2010

Catalyst Health Solutions' first-quarter 2010 net income up 26%

Catalyst Health Solutions, Inc. announces its financial results for the first quarter ended March 31, 2010. The Company reports quarterly net income of $17.4 million, up 26% from $13.8 million in the prior year. Quarterly earnings per diluted share increased to $0.39. Revenue for the quarter ended March 31, 2010, increased 18% to $832.3 million from $703.3 million in the prior year.

5 May 2010

Health law program may benefit early retirees, big firms

A health law program that will go into effect next month will steer $5 billion to buttress employer-sponsored health plans for retirees who are not yet old enough to qualify for Medicare and have no other options for buying coverage, The Associated Press reports.

5 May 2010

CBO: Medicare payment 'doc fix' is more expensive than expected

The debate over what to do about Medicare payments to doctors continues. Physicans have been lobbying "to repeal the Sustainable Growth Rate formula, which triggers automatic Medicare payment cuts if spending rises above a certain level," CongressDaily reports. Those cuts have been put off for years.

5 May 2010

Metropolitan Health Networks reports 2.9% increase in revenue for first-quarter 2010

Metropolitan Health Networks, Inc., a leading provider of healthcare services in Florida, today announced the financial results for their first quarter ended March 31, 2010.

4 May 2010

Theragenics reports highest quarterly consolidated revenue of $20.3 million

Theragenics Corporation®, a medical device company serving the surgical products and prostate cancer treatment markets, today announced consolidated financial results for the first quarter ended March 31, 2010.

4 May 2010

CVS Caremark's net revenues increase $366M to $23.8 billion for first-quarter 2010

CVS Caremark Corporation, today announced revenues, operating profit, and net income for the three months ended March 31, 2010.

4 May 2010

Pay-for-performance programs could end up widening medical disparities: RAND study

Rewarding primary care physicians for providing better care to patients could end up widening medical disparities experienced by poorer people and those belonging to racial and ethnic minorities, according to a new RAND Corporation study.

4 May 2010

Consumer Reports Health lays out next steps for consumers in variety of situations

With health reform now the law of the land, Consumer Reports Health lays out next steps for consumers in a variety of situations - those who are currently insured; Medicare and Medicaid recipients; people with pre-existing conditions; parents of children with pre-existing conditions; parents of uninsured young adults; and people who develop serious illnesses.

4 May 2010

Hartford Foundation awards $800,000 grant for training in geriatric social work

The prestigious Hartford Doctoral Fellows and Hartford Faculty Scholars programs have awarded $800,000 in combined new grants to ten researchers in the field of geriatric social work.

4 May 2010

Teva reports 31% increase in non-GAAP net income for first-quarter 2010

Teva Pharmaceutical Industries Ltd. today reported results for the quarter ended March 31, 2010.

4 May 2010

Hologic commences enrollment in European trial of Gestiva for prevention of recurrent preterm birth

K-V Pharmaceutical Company announced today it has been informed by Hologic, Inc. that site initiation and patient enrollment has begun at international clinical trial sites in Europe in the ongoing trial of Gestiva™ (hydroxyprogesterone caproate injection, 250 mg/1 mL), commonly referred to as "17P," for the prevention of preterm birth in women pregnant with a single baby with a history of singleton spontaneous preterm birth.

From Hologic, Inc. 4 May 2010

Health law brings a 'host of new taxes' and billions in tax credits

The Washington Post/Fiscal Times: Tax credits and other breaks -- including $50 billion a year in subsidies for low-income people to buy insurance under the new health law -- were "worth more than $1 trillion to recipients last year. That's more than the government spent on Social Security, and nearly enough to balance the federal budget." These and other so-called "tax expenditures" could total $3 trillion by 2020.

3 May 2010

Medicare News and Research

WellCare reports GAAP net income of $6.4 million for first-quarter 2010

Pay-for-performance may create unintended financial incentives for doctors to discriminate against obese patients

Study finds early follow-up for heart failure patients reduces readmission rates

Pfizer's first-quarter 2010 revenues increase 54% to $16.8 billion

Health Net reports net earnings of $16.1M in 2010 first quarter

Bundling could save health care dollars if snags are overcome

Kindred Healthcare first-quarter consolidated revenues increase 2% to $1.1 billion

Bristol-Myers Squibb board authorizes common stock repurchase program

Catalyst Health Solutions' first-quarter 2010 net income up 26%

Health law program may benefit early retirees, big firms

CBO: Medicare payment 'doc fix' is more expensive than expected

Metropolitan Health Networks reports 2.9% increase in revenue for first-quarter 2010

Theragenics reports highest quarterly consolidated revenue of $20.3 million

CVS Caremark's net revenues increase $366M to $23.8 billion for first-quarter 2010

Pay-for-performance programs could end up widening medical disparities: RAND study

Consumer Reports Health lays out next steps for consumers in variety of situations

Hartford Foundation awards $800,000 grant for training in geriatric social work

Teva reports 31% increase in non-GAAP net income for first-quarter 2010

Hologic commences enrollment in European trial of Gestiva for prevention of recurrent preterm birth

Health law brings a 'host of new taxes' and billions in tax credits

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