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BUSINESS
May 30, 2015 | By Harold Brubaker, Inquirer Staff Writer
Crozer-Keystone Health System and Temple University Health System sharply narrowed their operating losses in the nine-month period ending March 31, according to financial reports released this week. The progress is significant because both systems serve large populations of poor people and get a substantial portion of their revenue from Medicaid, which does not pay enough to cover the cost of many medical procedures. Both systems, to different degrees, are trying to offset the basic Medicaid business with more complicated surgeries that bring in higher payments from insurers.
BUSINESS
May 28, 2015 | By Harold Brubaker, Inquirer Staff Writer
A new group - backed by the region's largest health insurer, its top academic medical centers, Comcast Corp., and others - wants to roll out the red carpet for health-care start-ups in the Philadelphia region. The Health Care Innovation Collaborative grew out of a CEO Council for Growth task force chaired by John Fry, president of Drexel University, and Dan Hilferty, president and chief executive of Independence Blue Cross. The collaborative is to be announced Wednesday at the Greater Philadelphia Chamber of Commerce's annual State of the Region meeting in Center City.
BUSINESS
May 21, 2015 | By Jacob Adelman, INQUIRER STAFF WRITER jadelman@phillynews.com 215-854-2615 @jacobadelman
Health Partners Plans has renewed its lease at the Gallery at Market East ahead of the Center City shopping mall's planned redevelopment, a lawyer for the site's operators said Tuesday. Richard Hayden, an attorney for Pennsylvania Real Estate Investment Trust and Macerich Co., said at a city Planning Commission meeting that the health insurance provider would remain at the site. Health Partners occupies 142,100 square feet at the Gallery, according to PREIT's website. PREIT and Macerich have announced plans for a $325 million upgrade of the Market Street property into what they're calling Fashion Outlets of Philadelphia.
NEWS
May 17, 2015 | By Robert Calandra, For The Inquirer
Reena Khan got health insurance the day before giving birth to her daughter. The 26-year-old had lost her job-based insurance three weeks earlier. She said her employer let her go when she couldn't continue working as a home health aide because she was pregnant. Desperate, Khan called the Pennsylvania Health Access Network, a statewide nonprofit that helps people find affordable health insurance. "I didn't want to be without insurance for me and my baby," said Khan, a Pakistani native who immigrated to the United States five years ago and settled with her family in Northeast Philadelphia.
NEWS
May 15, 2015 | BY SOLOMON LEACH, Daily News Staff Writer leachs@phillynews.com, 215-854-5903
THE PHILADELPHIA School District wants to upgrade and expand health services, officials announced yesterday, but could it come at the expense of school nurses? Superintendent William Hite said the district will explore the option to contract with private providers to offer students more access to health services, which have been drastically reduced because of budget cuts, leaving many schools without a full-time nurse. He said the move does not mean the district will get rid of the 183 nurses it employs.
NEWS
May 11, 2015 | By Robert Calandra, For The Inquirer
For Pat O'Brien, Feb. 15 was just another winter Sunday. The Huntingdon Valley nurse had always had job-based health insurance. So she didn't realize Feb. 15 was the last day to buy Affordable Care Act marketplace coverage for 2015. But on that unseasonably warm day, O'Brien and her husband, Joe, a retired police officer, needed health insurance. Two weeks earlier, O'Brien had lost her job, and with it, their benefits. "I had no idea, because I didn't need it," said O'Brien, 60. "I've had insurance my whole life.
BUSINESS
May 9, 2015 | By Harold Brubaker, Inquirer Staff Writer
Genesis Healthcare Inc., a major nursing home and rehabilitation company based in Kennett Square, said it opened a post-hospital rehabiliation facility in China, its first venture outside the United States. "With 14.8 percent of the Chinese population over the age of 60 and 70 million people in need of rehabilitation services, there is significant market potential in China," George V. Hager Jr., Genesis's chief executive, said. The new Genesis facility, called a "Vitality Center," is in Zengcheng, which is in southern China, near Guangzhou.
NEWS
May 8, 2015 | By Tom Avril, Inquirer Staff Writer
Philadelphia is well-known as medicine central, with one of the nation's highest concentrations of hospitals and specialists. But a new University of Pennsylvania study finds that in health care, as in so many other realms that intersect with economics, there are two Philadelphias. In certain low-income neighborhoods, the Penn researchers counted close to 3,000 adults for every primary-care provider. That translates into some residents having to wait months for an appointment.
NEWS
May 7, 2015 | BY VINNY VELLA, Daily News Staff Writer vellav@phillynews.com, 215-854-2513
RACERS HAVE plenty to focus on during a 10-mile run. How to keep a man's heart beating and lungs pumping isn't usually one of them. But that's exactly what a group of about 12 health-care workers competing in the Broad Street Run went through on Sunday when one of their own collapsed right in front of them. Thanks to their efforts, that 31-year-old man is alive today. After seeing their colleague off in an ambulance, those lifesavers all went on to finish the race. "People stopped out of the kindness of their hearts as soon as he went down," said Kristen, a physician's assistant who didn't want her last name published.
BUSINESS
May 6, 2015 | By Harold Brubaker, Inquirer Staff Writer
Thomas Jefferson University and Abington Health completed their affiliation last week, according to a notice to bondholders Monday. Under the arrangement, Jefferson's board will be reconstituted to have 11 members each from Jefferson and Abington. Two unaffiliated members of the new board are to be picked later. Abington, which has two hospitals in Montgomery County - Abington Memorial and Lansdale Hospital - will be a subsidiary of Thomas Jefferson University. Jefferson and Abington announced their definitive agreement in January.
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