Health Headlines for Wednesday, February 24
Health Republic may undergo criminal investigation by FBI
Newsday
The U.S. Department of Justice has forwarded to the FBI a request for a criminal investigation into the demise of the federally backed health insurer Health Republic.
Probe: HealthCare.gov ‘passive’ on heading off fraud
Associated Press
With billions in taxpayer dollars at stake, the Obama administration has taken a “passive” approach to identifying potential fraud involving the president’s health care law, nonpartisan congressional investigators say in a report released Wednesday.
Why Valeant’s Stock Surged After CEO Admitted ‘Mistakes’
Fortune
Ever since a stock research report called Valeant “the pharmaceutical Enron” back in October, investors have been awaiting—maybe dreading—the news that came last night, when the company announced it would have to restate its earnings.
Bad Debt Is the Pain Hospitals Can’t Heal as Patients Don’t Pay
Bloomberg Business
A type of pain that hospitals thought they had relieved has come back with a vengeance: it’s called bad debt.
Roswell Park researchers land nearly $7M in grants
Buffalo Business First
Roswell Park Cancer Institute received nearly $7 million in new grants in late 2015.
Olean hospital fights germs with robots
Buffalo Business First
In medical-speak, it’s the Clorox Healthcare Optimum-UV System. To employees at Olean General Hospital, it’s called Violet. And to everyone else, the 6-foot mobile light tower is a germ-killing robots.
Niagara Falls addictions agency plans methadone program expansion
Buffalo Business First
In an effort to expand its opioid treatment program, a Niagara County addictions agency hopes to move an existing methadone treatment program to a larger site.
Albany Med changes management structure as it looks to the future
Albany Business Review
Albany Med has restructured its management team as it seeks to become a regional health care system.
Westchester’s hospitals expand amid New York City’s push northward
Lohud/The Journal News
White Plains Hospital opened its $50 million cancer center Tuesday amid unprecedented upheaval in the Lower Hudson Valley’s health care landscape.