The most shocking example of medical failure and America's healthcare system prioritizing profits over patient care has been revealed. The Loan Institute, an independent healthcare think tank, ranked the most egregious examples of profiteering and dysfunction within the healthcare industry as part of its annual report. Known as the Shkreli Award, is named after notorious “pharmaceutical man” Martin Shkreli, who acquired the manufacturing rights to the anti-parasitic drug Daraprim and increased its price by more than 5,000 percent.The 2024 list includes a Texas medical center that allegedly dissected and sold body parts of deceased people without informing their families.A former…
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Elderly people at Wyoming Nursing Homes mysteriously died within months of each other. Ronda Parker, 66, passed away from an overdose at the Legacy Living and Rehabilitation Centre in Gillette on November 29th, and on January 10th, 88-year-old Judith Duval died of hypothermia. Parker's cause of death was determined to be “toxic or overdose of known prescription drugs,” Campbell County Coroner Paul Worrem said. It is unclear exactly which medication she took. Meanwhile, Duval, a patient who lived in the facility's Memory Care Wing, was found dead in an outdoor courtyard, urging the nursing home to call 911 around 5:10am…
WAYNE, W.Va. (WCHS) — As part of the Par Mar Friday Night Rivals Game of the Week between the Nitro Wildcats and Wayne Pioneers, Eyewitness News visited Wayne High School to inspect the therapeutic services program.The program focuses on preparing students for careers in the medical field by teaching students about electrocardiography, phlebotomy, patient care, and medical terminology. Melanie Maynard, who teaches the class, said the purpose of this year's new additions is to increase the number of health care workers.“Health care shortages are happening in all areas,” Maynard said. “This definitely provides us with an opportunity to fill that…
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…
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…
Healthcare also added a significant number of jobs last month in its finance, transportation, warehousing and social aid sectors, but continues to drive a rise in U.S. employment.The healthcare department added 52,000 jobs in February, according to data published by the Bureau of Labor Statistics on Friday. As in the previous month, this profit was concentrated in outpatient health services and hospitals as well as nursing and residential care facilities.Financial activities, a weak sector in the past year, cast 21,000 profits in February. This is significantly higher than the average monthly average increase in the sector with 5,000 employment over…
Heartwalk Fund supports Connecticut research, advocacy and promoting better health Hartford – American Heart Association, Celebrating 100 years To save lives and improve I'll announce Dr. Adam Steinberg, Hartford Health Care Vice President of Medical Affairs – Hartford hospital It functions as chair of 2025 gReader Hartford Heart Walk. The annual Heart Walk will be held Above September 6, 2025 . Dr. Steinberg will lead as chairman Organizational initiatives Greater Hartford To raise awareness of heart disease and stroke Emphasizing efforts to improve lives and communities. It's the heart of that mission a Hands-only CPR mObeer kiOSK sponsor By Hartford…
Source: Getty Images Written by Aditya Raghunath at Motley Fool Canada Canadian investors should consider holding their stocks in recession-bearing sectors such as utilities and healthcare to protect themselves from underlying market volatility. In this article, we have identified three top TSX healthcare stocks that you can invest in right now. Let's see why. With a market capitalization of $600 million, Knight Therapeutics (TSX:GUD) is a specialized pharmaceutical company that develops, acquires, acquires, acquires, markets and distributes pharmaceutical and consumer health products and medical devices in Canada, Latin America and internationally. Revenue increased from $1 million in 2015 to $328.2…
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…