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Thu, Feb. 5, 9:04 AM
- Fourteen of 23 prominent hospitals contacted by Reuters have rolled out pilot programs of Apple's HealthKit service, which enables the remote monitoring of patient-generated health information, such as blood pressure, weight and heart rate, via an iPhone. The technology will potentially enable physicians detect early signs of trouble and to intervene accordingly in patients with chronic diseases like diabetes and hypertension before the situation becomes acute (and much more expensive).
- Google and Samsung have released similar services and have also begun to reach out to hospitals. This bodes well for patients and doctors alike.
- Related tickers: (NYSE:HUM) (NYSE:HCA) (NYSE:UHS) (NYSE:CYH) (NASDAQ:LPNT) (NYSE:SEM) (NYSE:ADPT) (NYSEMKT:SSY) (NYSE:THC)
Dec. 2, 2014, 10:22 AM
- Based on data collected from the analysis of medical records, the Centers for Medicare and Medicaid Services (CMS) report that U.S. hospitals saved 50,000 lives in 2013 by making 17% fewer medical mistakes. The improvement includes a 9% decline in hospital-acquired conditions such as infections, bedsores and pneumonia.
- Secretary of Health and Human Services (HHS) Sylvia Burwell is scheduled to announce the findings today at the CMS Healthcare Quality Conference in Baltimore.
- In 1999, the Institute of Medicine estimated that almost 100K people die each year from medical mistakes and poor quality of care. In 2010, the HHS inspector general estimated that poor care contributed to the deaths of 180K Medicare patients.
- One motivator for the improvement is a change in the way Medicare pays hospitals. Under updated rules, CMS reduces the reimbursement rate for hospitals that readmit too many patients within 30 days of discharge, an indicator of substandard care the first time.
- ETFs: IRY, IXJ,
- Hospital tickers: (HUM)(HCA +0.2%)(UHS -0.3%)(SEM +0.8%)(LPNT +0.4%)(CYH +0.3%)(SSY -0.2%)
Oct. 24, 2014, 11:24 AM
- LifePoint Hospitals (LPNT -0.8%) Q3 results: Revenues: $1,166M (+29.6%); Operating Income: $46.1M (-12.4%); Net Income: $28.7M (-15.8%); EPS: $0.59 (-13.2%); Quick Assets: $263M (-58.8%); CF Ops: $131.3M (+25.9%).
- Admissions: 56,599 (+16.3%); Equivalent Admissions: 144,994 (+23.8%); Revenue/Equivalent Admission: $8.041 (+4.7%).
- 2014 Guidance: Net Revenue: $4.45B - 4.50B from $4.25B - 4.35B; Adjusted EBITDA: $630M - 640M from $605M - 620M; Diluted EPS: $3.26- 3.39 from $2.99 - 3.19.
Oct. 24, 2014, 7:14 AM
Oct. 23, 2014, 5:30 PM
Jul. 25, 2014, 3:27 PM
- Money is flowing into hospital management firms today on bullish views about the impact of The Affordable Care Act. LifePoint Hospitals (LPNT +7.2%) leads the charge after it increased its earnings guidance earlier today.
- (UHS +6.6%) (HCA +2.3%) (SEM +0.4%) (THC +8.8%) (SSY -4.2%) (CYH +3.8%) (CHDX) (SCAI +1%) (ADPT -1.1%)
Jul. 25, 2014, 8:21 AM
- LifePoint Hospitals (NASDAQ:LPNT) Q2 results: Revenues: $1,047.0M (+17.0%); Operating Income: $41.8M (+53.7%); Net Income: $31.9M (42.7%); EPS: $0.84 (+47.4%); Quick Assets: $342.0M (-46.4%); CF Ops: $68.0M (+19.5%).
- Admissions: 52,670 (+7.0%); Equivalent Admissions: 130,680 (+11.7%); Revenue/Equivalent Admission: $8.012 (+4.8%).
- 2014 Guidance: Net revenue: $4.25B - 4.35B; adjusted EBITDA: $605M - 620M; diluted EPS: $2.99 - 3.19.
Jul. 25, 2014, 7:05 AM| Comment!
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Apr. 25, 2014, 7:06 AM
Apr. 25, 2014, 12:05 AM
Apr. 24, 2014, 5:30 PM
Apr. 11, 2014, 4:01 AM
- The White House has confirmed that Health & Human Services Secretary Kathleen Sebelius is resigning and will be replaced by Sylvia Burwell, the director of the Office of Management & Budget, assuming the latter is confirmed by the Senate.
- Sebelius' departure comes after she said in October that she should be held "accountable for the debacle" of the launch of Obamacare, although the program did reach the government's target of 7M sign-ups by the end of March. She said yesterday that at least 7.5M people have enrolled.
- One of Burwell's first challenges will be to work with health insurers as they set prices for Obamacare plans in 2015, which industry executives have warned could rise sharply.
- More on Obamacare
- Health insurers: AET, HNT, HUM, UNH, WLP, MO
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- ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
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