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Monday, May 21, 2012

Chicago Health Care Headlines

Study: Health tax credit could mean big savings for small firms

(Crain's) — Nearly 138,000 small businesses in Illinois are eligible for a new tax break to offset the cost of health insurance, but how many employers will take advantage of the benefit? 

AMA membership nudges up after three years of decline

(Crain's) — The Chicago-based group's profits and membership both grew in 2011, by about 3.35% and 1% respectively. 

Feds give Illinois more money for insurance exchange as Legislature stalls

(Crain's) — The state gets another $32.8 million, even as the effort to pass a law formally establishing the online marketplace remains at a standstill. 

Legal expert questions hospitals' tax-exempt proposal

(Crain's) — A U of I law professor raises constitutionality questions about the Illinois Hospital Association's proposal to keep most members off the property tax rolls. 

Quinn mulls using executive order to create insurance exchange

(AP) — Republicans say such a move would be inappropriate, especially before the U.S. Supreme Court rules on President Obama's Affordable Care Act. 

Watch the video: Crain's panel covers doctors' challenges

(Crain's) — The panel included David Ansell, chief medical officer at Rush University Medical Center; Vincent Bufalino, senior director of cardiology at Advocate Medical Group; Paul Merrick,…

Blue Cross parent's CEO pay climbs to $12.9 million

(Crain's) — New federal regulations intended to force health insurers to spend less on administration didn't keep Health Care Service Corp. from giving CEO Patricia Hemingway Hall a 61 percent…

U of C Medicine joins hospital rush to refinance bonds

(Crain's) — Other hospitals — from Rush University Medical Center to Cadence Health — also have refinanced debt, as interest rates on long-term bonds hit some of their lowest levels …

News briefs: U of C program receives $5.9 million grant

(Crain's) — Also, Cancer Treatment Centers of America seeks to modernize its Zion hospital, Swedish Covenant Hospital's second-quarter income rises and Cardinal Health is buying west suburban…

Accretive Health shares rise after it denies Minnesota allegations

(Reuters) — Shares of Accretive Health Inc rose as much as 8 percent on Monday, after the company denied Minnesota Attorney General's allegation that it violated patient privacy and debt…

Illinois governor pushes pension, Medicaid reforms

(AP) — Illinois Gov. Pat Quinn appealed Monday to an influential group of business leaders in Chicago to add their weight to his push to reform Illinois' debt-laden Medicaid and public pension…

Hospira voluntarily recalls batch of painkiller

(Crain's) — The company made the move after it received two complaints in which a single cartridge of the medication contained more than the 1-milliliter dose on the label. 

Express shares up; Walgreen worries fade

(Reuters) — Shares of Express Scripts Holding Co. rose nearly 4 percent on Friday as investors shrugged off concerns about its ability to maintain its business without Walgreen Co. in its…

Walgreen nemesis says profits to fall short

(Reuters) — Express Scripts Holding Co. projected full-year profit that could fall short of Wall Street's target in its first forecast since closing a $29 billion purchase of Medco Health…

Advocate buys children's cardiology group

(Crain's) — Advocate Medical Group has acquired a 13-doctor pediatric cardiology practice, a sign that large hospital-owned physician groups are continuing to bulk up. 

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Job Changes

LOYOLA UNIVERSITY MEDICAL CENTER, Maywood: Dr. Mark Cichon, D.O., 53, to chair of the department of emergency medicine, from director of the division of emergency medicine in the department of surgery.


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