A new partnership with Franklin Cardiovascular will expand Lourdes Health System's regional model of patient-centered cardiovascular care to grow efficiency and cut costs by aligning more physicians with hospitals, according to executives with the group.

Two executives at the helms of major divisions of Horizon Blue Cross Blue Shield of New Jersey are leaving the company, the Newark-based firm confirmed today.

New Jersey consumers will receive an estimated $106 million in health insurance rebates from insurance companies that fail to comply with the Medical Loss Ratio provision of the Affordable Care Act, according to a Kaiser Family Foundation report based on insurer filings to the National Association of Insurance Commissioners. Read More »

Danish pharmaceutical firm Novo Nordisk Inc. said today it will increase its U.S. work force by 15 percent in 2012, including staffing additions at its U.S. headquarters in Plainsboro.

Parsippany-based Watson Pharmaceuticals Inc. agreed Tuesday to acquire drugmaker Actavis Group, of Zug, Switzerland, for $5.6 billion, creating the third-largest global generics company in the world with $8 billion in anticipated 2012 revenue.

When pharmaceutical company Ipsen first announced plans to open a new headquarters on the East Coast in June, Sean McKercher, president and general manager of Ipsen North America, couldn't stop thinking about the ones who got away.

Hospitals have worked on their own for years to reduce the number of hospital-acquired infections seen each year, but several institutions that partnered with an insurer and an information technology company have found strength in numbers.

With hospitals and insurance groups forming coordinated care organizations, four physician groups have now banded together to maintain independence while being able to participate in a Medicare shared savings program.