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Health Care

For ambulatory surgery centers, it’s all about networking

They were free-standing facilities where doctors do procedures that don’t require an overnight hospital stay. They rarely were in-network. And hospitals saw them as a serious competitor. That’s all changing under the Affordable Care Act. Because insurers have redesigned their health plans to give members financial incentives to use in-network providers (capping reimbursements to out-of-network ...

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Obamacare has employers considering higher deductibles

In 2015, employer with more than 50 workers will have to offer health insurance or pay penalties under the ACA, and many are using 2014 to a transition year to begin introducing workers to high deductible health plans that provide a base of coverage, with employees having the option to pay more to get richer ...

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Kennedy Health System names new CEO

Devine has been president and chief executive of the three-hospital Kennedy University Hospital system since July 2013.  According to the announcement, he will retain that responsibility, in addition to taking over leadership of the health system, which has facilities in Camden and Gloucester counties. Devine was previously senior vice president for administration at Kennedy from ...

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Study Affordable Care Act raising health costs for small business

The NFIB found 64 percent reported paying higher insurance premiums per employee in 2013 than they did in 2012. The survey was conducted last summer. The results show the Affordable Care Act is not holding down health insurance costs, the NFIB said. “The law’s authors were primarily focused on increasing insurance coverage and expanding benefits ...

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Study Mobile apps have limited health benefits

IMS, a Parsippany-based provider of health care research, concludes that mobile apps hold great promise but require further development before they can lead to genuine health breakthroughs. “We’re not there yet,” said Murray Aitken, executive director of the IMS Institute for Healthcare Informatics. “We anticipate that will happen, certainly within the next five years.” The ...

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Innophos announces dividend

According to the announcement, the dividend will be payable on November 29, 2013 to stockholders of record as of the close of business on November 15, 2013. The new rate represents a 14% increase over the previous $0.35 per share quarterly dividend rate and the fourth increase in less than three years.

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Aerie Pharmaceuticals closes IPO

According to the announcement, the company offered 7,728,000 shares of its common stock, including 1,008,000 shares of common stock issued upon the exercise in full by the underwriters of their option to purchase additional shares to cover over-allotments, at a price of $10.00 per share. The raise is slightly higher than the company expected in ...

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Alvogen Americas picks president

According to the announcement, Alkins will become a member of the company’s executive board. Previously, he led business development for Teva Pharmaceuticals in the U.S. He also served as senior vice president of corporate development at Stiefel Laboratories and president of Glades Pharmaceuticals. Alkins started the first 16 years of his career with Bristol-Myers Squibb, ...

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Milestone Medical raises $1.5M

According to the announcement, closing of the transaction is subject to listing of the shares on the New Connect Market of the Warsaw Stock Exchange. WDM acted as offering agent and leading financial advisor on the transaction. Milestone Medical Inc. was formed two years ago as a joint venture between Milestone Scientific Inc. and Beijing ...

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Digital Benefit Advisors offers alternative to Affordable Care Act federal exchanges

Digital Benefit Advisors, a division of Digital Insurance, an Atlanta-based employee benefits only agency, says it is bringing New Jersey companies and employees a consumer-friendly approach to choosing benefits through the technology it has been developing over the past decade. “The software has caught up to the marketplace enough that you can create online stores ...

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Celsion splits stock

According to the announcement, each 9 shares of issued and outstanding common stock and equivalents will be consolidated into 2 shares of common stock. The reverse stock split was previously approved by the company’s stockholders at the 2013 annual meeting on July 19, 2013, and the company subsequently amended its certificate of incorporation to effect ...

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FluoroPharma hires marketing VP

According to the announcement, Lyons will be responsible for the global development and commercial strategy for FluoroPharma’s nuclear cardiology portfolio and will report directly to the company’s Chief Executive Officer Thijs Spoor. Prior to GE Healthcare, Lyons was at Bristol-Myers Squibb Medical Imaging, where he held positions in medical affairs field operations and marketing. He ...

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