Syracuse, New York — What began as a fact-finding mission on the pandemic by a Republican-led congressional subcommittee quickly turned into a political spat between the former New York state leader and Republican congressional leaders.This week, the Subcommittee released a detailed 48-page document analyzing the impact of Governor Cuomo’s nursing home directive, issued on March 25, 2020. The directive prohibited nursing homes from refusing to admit patients solely because they had tested positive for COVID-19, leading to a surge of hospitalized COVID patients returning to nursing home beds. The directive was “superseded,” in Governor Cuomo’s preferred term, about six weeks…
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Syracuse, New York — Negotiations between Excellus Blue Cross Blue Shield and major healthcare providers are still ongoing. Industry experts believe that a solution to the situation may require Congressional legislation to ease the financial burden on health insurance companies.In August 2023, the federal government announced that nearly $1 billion is headed to upstate New York hospitals after adjustments to the way Medicare reimbursements are calculated. At the time, Sen. Chuck Schumer said it was a big win for hospitals that have been hit hard by the coronavirus and have been forced to lose money and staff. Hospitals saw this…
Intermountain Health offers an innovative service that allows patients with qualifying acute or chronic conditions to receive hospital-level care in their own home, rather than in the hospital. The service is provided through in-person home visits and telehealth visits. This in-home service was recently expanded to serve patients in Utah County. A total of 10 Intermountain Hospitals now offer the program, from Logan to St. George.The in-home service provides technology to remotely monitor vital signs, one or two home visits per day by Intermountain nurses, daily telehealth rounds by health care providers, and access to nurses and doctors on call…
Health insurance companies are ending the year on a bad note, facing several headwinds, from Congress' efforts to rein in costs to declining profits from expanded access to benefits. The recent tragic shooting death of an insurance company executive has raised even bigger questions. Enraged Americans are demanding change in the industry. A combination of factors is expected to make 2024 a tougher year than in recent years, and 2025 is expected to get off to an uncertain start. “Managed care stocks have significantly underperformed in 2024 (-20% vs. S&P +27%), facing unprecedented policy, reimbursement, and utilization headwinds in addition…
There is only one hour left in the trading session. That means it's time for Josh Lipton and Sheena Smith to cover some of the day's biggest market-moving stories on Market Domination. On this show, we welcome Morningstar Equity Analyst David Swartz to talk about the latest in the Nordstrom (JWN) family's partnership with El Puerto de Liverpool (ELPQF, PLV1.F) to take the retail company private. Discuss the acquisition agreement. Wendell Potter, director of the Center for Health and Democracy (CHD), also participated in the program and spoke about the unwarranted “barriers” to adequate care he witnessed during his time…
On Saturday, Melanie Garcia’s mother said doctors had released her from the hospital.She could go home.She is one of nine survivors of the Apalachee High School shooting.(Download: Free WSB-TV News App to receive breaking news alerts)The bullet hit her in the shoulder.His mother, Jakelyn Garcia, told Channel 2’s Courtney Francisco on Friday that he underwent surgery to close the wound and doctors believe the bones are aligned enough to heal naturally.She is 15 years old.”She’s a normal teenager who loves spending time with her friends, playing soccer and spending time with her family, and none of those hobbies are going…
An eight-year-old girl has died of sepsis after being sent home by her GP because her local hospital was full.Mia Glynn visited GP practices twice within four hours but doctors told her parents Solon, 39, and Katie, 37, to take her home, despite her showing symptoms of group A streptococcus infection.Her parents, who live in Biddulph, Staffordshire, first took Mia to the doctor on December 5, 2022, after she began vomiting and complained of a severe headache and sore throat.On the morning of December 8th, Mia’s parents took her to the clinic because she had a fever and a severe…
BATON ROUGE, La. (BRA PROUD) – A Louisiana nursing home owner has settled and agreed to pay $8.2 million after being accused of misusing the facility's assets. More than 840 people reportedly evacuated to a warehouse in Tangipahoa Parish to ride out Category 4 Hurricane Ida in 2021. Several people died in the storm's aftermath due to lack of proper equipment and care.Bob Dean Jr. was charged with violating the National Housing Act of 1934 by misusing the assets of four Louisiana nursing homes and was ordered to pay $8.2 million in settlements, according to the U.S. Department of Justice.…
CAMBRIDGE, MA and TAIPEI, TAIWAN / ACCESSWIRE / September 30, 2024 / Moderna, Inc. (Nasdaq:MRNA) and Cenra Healthcare, the sales and marketing division of Cenra Inc., today announced that the companies have entered into a joint agreement to: announced that it had concluded. Co-promotion of Moderna's mRNA respiratory vaccine portfolio in Taiwan, including Moderna's COVID-19 vaccine Spikevax®.Under the agreement, Moderna will manufacture and sell mRNA respiratory vaccines. Cenra Healthcare will engage in promotional efforts and conduct medical education activities to ensure broad access to Moderna's mRNA respiratory portfolio across Taiwan. The initial term of the agreement is until July 31,…
Health care stocks fell last week after President-elect Donald Trump nominated Robert F. Kennedy Jr. to lead the nation's top health agency. Vaccine makers like Moderna (MRNA) are down more than 5%, and big names like Pfizer PFE (PFE) are down about 2%. Some Wall Street analysts believe the slide is an overreaction, given that little is known about Kennedy's actual controversial policies and that he has not yet been confirmed by the U.S. Senate. Mr. Kennedy said it was too early to tell whether or how much of an impact it would have on the health sector. If confirmed…