Health Services
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Rhode Island’s hospitals posted a collective operating loss in fiscal year 2013, the second time such a loss has occurred (the previous occurrence was in fiscal 2011). more
Attorney General Peter F. Kilmartin announced Monday that Rhode Island will receive $213,126 as its share of a multistate and federal settlement with Endo Pharmaceuticals, a wholly owned subsidiary of pharmaceutical manufacturer Endo Health Solutions. more
South County Hospital, Blue Cross & Blue Shield of Rhode Island and South County Orthopedics have entered a bundled payment agreement for hip and knee replacements. more
(Updated, 9:13 p.m.) HealthSource RI has received a $6.1 million grant from the Centers for Medicare and Medicaid Services to assist with its small-business efforts. more
Hospitals in Rhode Island generated an estimated $6.7 billion in statewide economic activity in 2012, supported about 43,100 jobs and provided $1.9 billion in wages, according to a report released Tuesday by the Hospital Association of Rhode Island. more
In the five weeks ended Feb. 8, 4,742 people enrolled in private plans through Rhode Island’s health care exchange, bringing the total number of HealthSource RI enrollments to 16,512. Medicaid enrollments totaled 35,821, climbing 80 percent from the 19,941 enrollments reported as of Jan. 4. more
CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted fourth- quarter profit that topped analysts’ estimates as pharmacy sales rose on new medicines and new customers. more
Rep. Joseph M. McNamara, D-Warwick, has introduced legislation designed to expedite the R.I. Department of Health’s “certificate of need” process that caused pain-management company Pentec Health to stop treating its Rhode Island patients last year. more
The announcement by Stephen Farrell, president and CEO of UnitedHealthcare of New England, at a meeting of the Health Insurance Small Employer Taskforce last week that United planned to open a private health insurance “exchange” is part of a broader trend both in New England and nationally. more
CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced Wednesday. President and CEO Larry Merlo said the decision was “the right thing to do,” even though the company expects to lose approximately $2 billion in annual revenue after pulling tobacco products. more
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