Health Care

Oct 10, 2013

Expanded AmeriHealth Medicare Advantage now covers 17 N.J. counties

AmeriHealth said individuals already covered by AmeriHealth’s Medicare Advantage HMO Plan in the original five counties will see a premium decrease. “We are always looking for new ways to offer the people of our state affordable, quality options,” said Mike Munoz, senior vice president of sales and marketing. “We saw an opportunity to increase access […]

Oct 10, 2013

Emergency Medical Associates reports record growth

Since April 2012, EMA said it has grown its client base from 19 emergency departments to 28 emergency departments in New Jersey, New York, North Carolina and Rhode Island and increased its annual ED patient visits to nearly 1.4 million.“It’s an exciting time in our history,” said Dr. Raymond Iannaccone, president and chief executive officer. […]

Oct 10, 2013

C.R. Bard announces dividend

According to the announcement, the current indicated annual dividend rate is 84 cents per share. The dividend is payable on November 1, 2013 to shareholders of record at the close of business on October 21, 2013. The company has recently announced it will acquire both Rochester Medical and Medafor. Bard has also sold more than […]

Oct 10, 2013

N.J. hospitals move to reduce Medicare readmissions, avoid costly penalties imposed by Affordable Care Act

And those penalties amount to much more than loose change. In the 2013 fiscal year, New Jersey’s hospitals paid a total of $19 million in readmission penalties to Medicare. However, it seems as though local hospitals are at least moving in the right direction on readmissions. Kerry McKean Kelly, a spokeswoman for the New Jersey […]

Oct 9, 2013

Bayer gets FDA approval for Adempas

The FDA reviewed Adempas under its priority review program, which provides an expedited six-month review for drugs that promise major advances in treatment. Pulmonary hypertension is caused by abnormally high blood pressure in the arteries of the lungs, making the right side of the heart work harder than normal, according to the FDA. The condition […]

Oct 9, 2013

Covance announces 250M debt financing

According to the announcement, the notes are expected to be issued in November 2013 in the following four series:– $15 million bearing interest at 3.25% and maturing on November 15, 2018;– $50 million bearing interest at 3.90% and maturing on November 15, 2020;– $90 million bearing interest at 4.50% and maturing on November 15, 2023; […]

Oct 8, 2013

Robert Wood Johnson, Rutgers to create unique ACO

The ACO, called Robert Wood Johnson Partners, plans to launch in January of 2014. Dr. Alfred Tallia, chair of the department of family medicine and community health at Rutgers – Robert Wood Johnson Medical School, will be the executive director. Created by the Affordable Care Act, Medicare ACOs reward hospitals and doctors that deliver high-quality, […]

Oct 8, 2013

Quest Diagnostics acquires ConVerge

According to the announcement, the transaction includes ConVerge’s laboratory in Peabody, Massachusetts, and its patient service centers operating in Massachusetts, New Hampshire and Connecticut. ConVerge will operate as a wholly-owned subsidiary of Quest Diagnostics and its laboratory will operate as part of Quest Diagnostics’ national laboratory network. Over time, the ConVerge labor[...]

Oct 8, 2013

WIRB-Copernicus Group names new chief research officer

According to the announcement, for more than 13 years, Dr. McNair has been actively involved with institutional review boards. Prior to joining WCG, she acted as a consultant to pharmaceutical and biotechnology companies, providing medical guidance on clinical development strategies and designs for new drug studies, as well as handling medical oversight of all phases […]

Oct 8, 2013

MD Anderson, Cooper officially open 100 million Camden cancer center

The 103,00-square-foot center is the result of a partnership between Camden-based Cooper University Health Care and the University of Texas MD Anderson Cancer Center in Houston. Cooper chairman George Norcross, III said today that while local residents might not yet be familiar with MD Anderson and its reputation, it won’t take long for them to […]

Oct 7, 2013

Report Medical technology companies need to make radical changes to business models to stay alive

PwC’s 2013 Health Research Institute report released today concludes that growth merely through product innovation is not sufficient. Customers — be it hospitals, accountable care organizations, or individual consumers —now demand more in financial, convenience and health terms, said PwC, a multinational professional services firm also called PriceWaterhouseCoopers. The firm says[...]

Oct 4, 2013

Venture capitalist tells NJ’s biotech companies crowdfunding could be good for business

Lorenzo Pellegrini, a partner in Care Capital LLC, a venture capital firm with $500 million under management, said crowdfunding has caused division within the venture community now that federal legislation aimed at easing the ability of private companies to raise capital online from small investors is taking effect. “Venture capitalists are split in the perception […]