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Triple-S Management first-quarter total consolidated operating revenues increase 9.8% to $519.1 million

Triple-S Management Corporation, the largest managed care company in Puerto Rico, today announced consolidated operating revenues of $519.1 million and operating income of $16.4 million for the three months ended March 31, 2010. Net income of $11.2 million, or $0.38 per diluted share, includes an after tax net gain of $0.4 million, or $0.01 per share, in net realized and unrealized gains on investments and derivatives.

5 May 2010

Tenet Healthcare reports adjusted EBITDA of $298 million for first-quarter 2010

Tenet Healthcare Corporation today reported adjusted EBITDA of $298 million for the quarter ended March 31, 2010, an increase of $20 million, or 7.2 percent, as compared to $278 million for the first quarter of 2009. Net income attributable to common shareholders for the first quarter of 2010 was $88 million, or $0.17 per diluted share, compared to $44 million, or $0.09 per diluted share, excluding a gain of $134 million, or $0.28 per diluted share, in the first quarter of 2009 related to the early extinguishment of debt.

4 May 2010

AVANIR Pharmaceuticals reports net loss of $6.4 million for second-quarter fiscal 2010

AVANIR Pharmaceuticals, Inc. today reported unaudited financial results for the three and six months ended March 31, 2010.

3 May 2010

FDA oks 'vaccine' to treat prostate cancer

Provenge, developed by Dendreon Corporation, is the first approved "treatment that uses a so-called cancer vaccine, a drug that trains the body's own immune system to fight the disease," The New York Times reports.

3 May 2010

WellTek reports 115% increase in gross profit for fiscal year 2009

WellTek Incorporated, a global health, fitness and wellness company, is pleased to announce that the Company reported $2.54 million in revenue for the 2009 fiscal year ended December 31, 2009, representing a 15% increase over $2.20 million in revenue posted for 2008. The increase is primarily attributable to international sales by the Company's subsidiary, MedX Limited.

30 Apr 2010

Bristol-Myers Squibb reports 11% increase in first-quarter 2010 revenue

Bristol-Myers Squibb Company today reported strong sales and earnings growth for the first quarter of 2010.

30 Apr 2010

Celgene's first-quarter non-GAAP total revenue up 31% to $789 million

Celgene Corporation announced non-GAAP net income of $294.6 million, or non-GAAP diluted earnings per share of $0.63 for the quarter ended March 31, 2010. Non-GAAP net income for the first quarter of 2009 was $205.1 million or non-GAAP diluted earnings per share of $0.44. Based on U.S. GAAP, Celgene reported net income of $234.4 million, or diluted earnings per share of $0.50 for the quarter ended March 31, 2010. GAAP net income for the first quarter of 2009 was $162.9 million, or diluted earnings per share of $0.35.

29 Apr 2010

Mass. legislation to push poor seniors into managed care plans stirs concerns

Legislation that could push more than 100,000 low-income senior citizens in Massachusetts into managed care health plans spurred intense lobbying yesterday, as consumer advocates argued the measure would strip patients of their freedom to stay in traditional Medicare, while proponents said it could save the state significant money.

29 Apr 2010

Kinetic Concepts' first-quarter 2010 total revenues increase 3% to $485.8M

Kinetic Concepts, Inc. today reported first quarter 2010 total revenue of $485.8 million, an increase of 3% from the first quarter of 2009. Foreign currency exchange movements favorably impacted total revenue for the first quarter of 2010 by 2% compared to the corresponding period of the prior year.

27 Apr 2010

Centene's first-quarter Premium and Service Revenues up 12.5% to $1.022 billion

Centene Corporation today announced its financial results for the quarter ended March 31, 2010. The results of operations for our New Jersey health plan, University Health Plans, are classified as discontinued operations. The discussions below, with the exception of cash flow information, are in the context of continuing operations and all financial ratios exclude premium taxes.

27 Apr 2010

Advair to remain favored fixed-dose LABA/ICS combination therapy through 2013 for asthma and COPD

Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues, finds that, despite increased competition from several emerging agents, GlaxoSmithKline's Advair will remain surveyed pulmonologists' and primary care physicians' (PCPs) favored fixed-dose long-acting beta2 agonist (LABA)/inhaled corticosteroid (ICS) combination inhaler through 2013 for the treatment of asthma and chronic obstructive pulmonary disease (COPD).

27 Apr 2010

Aetna Better Health, The Children's Hospital of Philadelphia reach agreement for Medicaid program

Aetna Better Health in Pennsylvania and The Children's Hospital of Philadelphia announced today that they have reached agreement on a new contract that adds the hospital to the Medicaid provider's network in Pennsylvania. The new contract is effective immediately.

27 Apr 2010

States struggle to balance budgets with Medicaid changes

Health News Florida: A provision in Florida's state budget bill that would have reformed the state's Medicaid system has been officially dropped by state legislators. "The House proposed a sweeping plan that gradually would have led to almost all Medicaid recipients enrolling in managed-care plans, while the Senate proposed a smaller expansion of a pilot managed-care program.

27 Apr 2010

Court upholds Maine's ruling to cut insurance premium hikes; Florida voters to decide whether to amend constitution to fight federal mandate

The Wall Street Journal: "A state court upheld a Maine official's decision to deny a profit margin for a WellPoint Inc. unit in a health-insurance rate request—a ruling that may resonate in other states where regulators are battling premium hikes. Thomas E. Humphrey, chief justice of the Maine superior court, wrote that the approved 2009 rate for Anthem Blue Cross and Blue Shield's individual health-insurance product line met the state's legal standard and wasn't 'inadequate'" (Matthews, 4/23).

24 Apr 2010

Colorado Governor moves forward with implementing reforms; Nevada community health centers feel financial pinch

In Colorado, "Gov. Bill Ritter signed four bills he promised will rein in skyrocketing health care costs on Tuesday and appointed a director who will oversee 10 state agencies to implement the Obama administration's new health care plan.

22 Apr 2010

MedAssets, Cullman Regional Medical Center announce transformational revenue cycle agreement

MedAssets, Inc. today announced that it entered into a transformational revenue cycle agreement with Cullman Regional Medical Center, based in Cullman, Ala. to improve the provider's business office operations.

22 Apr 2010

As more reform specifics emerge, so do questions, answers and impacts

As details of health reform policies shake out, questions, answers and consequences are emerging.

22 Apr 2010

Florida House approves expanding Medicaid managed care; Kansas weighs proposal to raise nursing home fees

Calling the current system 'broken' and warning of long-term financial problems, the state House today approved a proposal that would gradually shift almost all Medicaid recipients into managed-care plans. The votes on two bills set the stage for the House and Senate to try to reach agreement on a Medicaid overhaul before the annual legislative session ends April 30.

21 Apr 2010

National health care reform package promises to reduce number of uninsured Americans

The national health care reform package signed by President Obama recently promises to significantly reduce the number of uninsured Americans. According to the Congressional Budget Office, 31 million Americans who are currently uninsured will gain health care coverage under the federal legislation.

20 Apr 2010

State Roundup: Calif. hospitals billing questioned; N.Y. hospitals among the weakest financially in the nation

The Sacramento Bee: An analysis of financial data from 300 California hospitals "shows they collected $25 billion from insurance companies between September 2008 and October 2009 - an increase of more than a third since 2005. Hospitals are charging insurance companies, and by extension their customers, billions of dollars for expenses not directly related to care.

20 Apr 2010

Managed Care News and Research

Triple-S Management first-quarter total consolidated operating revenues increase 9.8% to $519.1 million

Tenet Healthcare reports adjusted EBITDA of $298 million for first-quarter 2010

AVANIR Pharmaceuticals reports net loss of $6.4 million for second-quarter fiscal 2010

FDA oks 'vaccine' to treat prostate cancer

WellTek reports 115% increase in gross profit for fiscal year 2009

Bristol-Myers Squibb reports 11% increase in first-quarter 2010 revenue

Celgene's first-quarter non-GAAP total revenue up 31% to $789 million

Mass. legislation to push poor seniors into managed care plans stirs concerns

Kinetic Concepts' first-quarter 2010 total revenues increase 3% to $485.8M

Centene's first-quarter Premium and Service Revenues up 12.5% to $1.022 billion

Advair to remain favored fixed-dose LABA/ICS combination therapy through 2013 for asthma and COPD

Aetna Better Health, The Children's Hospital of Philadelphia reach agreement for Medicaid program

States struggle to balance budgets with Medicaid changes

Court upholds Maine's ruling to cut insurance premium hikes; Florida voters to decide whether to amend constitution to fight federal mandate

Colorado Governor moves forward with implementing reforms; Nevada community health centers feel financial pinch

MedAssets, Cullman Regional Medical Center announce transformational revenue cycle agreement

As more reform specifics emerge, so do questions, answers and impacts

Florida House approves expanding Medicaid managed care; Kansas weighs proposal to raise nursing home fees

National health care reform package promises to reduce number of uninsured Americans

State Roundup: Calif. hospitals billing questioned; N.Y. hospitals among the weakest financially in the nation

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