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The Cleveland Clinic saw its operating income spike 47% to $390 million, according to numbers released Wednesday during the annual State of the Clinic address. The system’s revenue rose 18% last year to just shy of $11 billion. That marks a significant change from 2018 when the Clinic’s operating income fell 19% and revenue rose …

Cleveland Clinic Records Financial Growth in 2019Read More

Having trouble getting hold of medical masks? China is the world’s largest producer of them, with a reported daily capacity of 20 million pieces, but by the estimate of its manufacturers domestic demand alone is around 50 to 60 million per day. Chinese mask makers were only operating at 76 per cent capacity in mid-Feb. …

There Aren’t Enough Medical Masks to Fight CoronavirusRead More

Rochester, Minn.-based Mayo Clinic eclipsed $1 billion in net operating income in 2019, the not-for-profit health system reported Tuesday. Mayo reported net operating income of $1.06 billion on revenue of $13.82 billion, up 72% from $617 million of net operating income on $12.6 billion of revenue in 2018. More than 1.2 million patients—from every state …

Mayo Clinic Made Over $1 Billion in Profit in 2019Read More

With the booming app economy, which analytics-firm App Annie has predicted will eclipse $6.3 trillion by 2021, users have integrated their devices into everyday tasks, including visits to the doctor. Reports show that the majority of patients consider convenience and access to care the most important factors when selecting where to get care. Convenience shapes …

Physician Sees Telehealth as The Netflix of MedicineRead More

Scott Caldwell, president and CEO of The Resource Group, the group purchasing organization created by St. Louis-based Ascension, recently spoke about the top issues that hospital supply chain leaders are facing and how his team at Ascension handles them. Read this article

Ascension GPO Leader Talks Top Supply Chain IssuesRead More

BlueCross BlueShield of Tennessee will open eight primary care centers this fall through a joint venture with Sanitas, an international health organization with 50 health centers in the U.S. The insurer has invested more than $65 million in patient-centered medical homes over the past five years. The new health centers will be in Brentwood, East …

BCBS of Tennessee to Open 8 Primary Care CentersRead More

The virtual medical service is available as of Tuesday to Amazon employees and their dependents working out of its corporate headquarters. The app provides virtual medical consultations, as well as a way to schedule a follow-up visit from a health professional to a patient’s home or office. It also has a way to deliver prescriptions …

Amazon Care Goes Live for Seattle EmployeesRead More

The FDA is unable to conduct medical device plant inspections in China because of the U.S. State Dept.’s travel advisory amid the Coronavirus outbreak While the FDA is unable to conduct inspections, it plans to rely on tools such as import screening, examinations, sampling and import alerts, along with information from foreign governments, to monitor …

FDA Unable to Conduct Medical Device Inspections in ChinaRead More

While Walmart hasn’t said how many clinics it plans to build, it’s signaled that the health center expansion is one of its top growth initiatives. Six years after opening its first “Care Clinic,” Walmart has just 19 in three states. Whatever a patient needs, she knows the price upfront—a huge departure from how health care …

Walmart Clinics Take On CVS, AmazonRead More

Join us for the highly anticipated IDN Insights: East! This event will highlight some of the most progressive, large healthcare systems and GPOs in the Eastern U.S. Attendees will have the chance to network with their peers and customers, and learn about how large IDNs measure successful contracts, best practices to ensure long and lucrative relationships …

IDN Insights: East is coming to Philadelphia on May 7-8Read More

Premier Inc. (Charlotte, NC) recently issued a statement to CMS to recommend that, in light of its success, the Next Generation Accountable Care Organization (NGACO) program be extended or adapted. The NGACO model requires participants to take the greatest level of financial risk of any ACO model, Premier said. And yet, the organization recently announced that NGACOs …

Premier recommends modifications to Direct Contracting ModelRead More

CMS yesterday proposed a three-year extension and changes to the episode definition and pricing in the Comprehensive Care for Joint Replacement (CJR) Model. The proposed rule would change the care-episode definition to include outpatient hip and knee replacements. It would also make changes to the target price calculation, the reconciliation process, the beneficiary notice requirements, …

CMS proposes changes, 3-year extension to CJR modelRead More

“Healthcare providers are coming to rely on a GPO for a much broader range of services. “These services include data analysis, market research, innovative technology integration, electronic product tracing, infection control, and the development of shared knowledge among healthcare providers and supply chain experts to enable best practices…” Read this article.

Three Benefits of Working with a Hospital GPORead More

Global Healthcare Exchange, LLC (GHX) (Louisville, CO) recognized North America’s highest performing healthcare provider organizations with the release of its annual GHX “Best 50” supply chains in North America. The “Best 50” honorees stand out among North America’s premier hospitals for their ability to demonstrate improved operational performance and drive down costs through supply chain automation, …

“Best 50” healthcare providers recognized for Supply Chain ExcellenceRead More