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Hospitals and Health Systems to Cut Back on Both Capital Spending and Unprofitable Services in 2009

New Study from Noblis Center for Health Innovation Discusses the Impact of the Economic Crisis on Hospitals and Health Systems FALLS CHURCH, Va., Jan. 19 /PRNewswire/ -- A new report released today from the Noblis Center for Health Innovation, a leading non-profit advisory firm to health ...

WellPoint Reports Second Quarter 2009 Results

...ricing. Performance in the Company's State Sponsored operations also improved from the prior year quarter, due in part to the withdrawal from certain unprofitable state programs. The Company also recognized higher-than-anticipated favorable prior year reserve development on a year-to-date basis through June 30,...

Schizophrenia Drug Got Bad Rap

...ve," wrote Professor Jari Tiihonen, University of Kuopio and Niuvanniemi Hospital, and colleagues. "However, clozapine is inexpensive, and hence it is unprofitable for the pharmaceutical industry to market compared with other second-generation antipsychotic drugs. Additionally, monitoring schedules are a drawback...

Sunrise Reports Financial Results for First-Quarter 2009

...llected $5.7 million of short-term notes through May 8, 2009. Aston Gardens On April 30, 2009, Sunrise sold its equity interest in the unprofitable Aston Gardens venture and was released from all related guarantee obligations. In connection with this sale and release, Sunrise's management contrac...

Thomson Reuters Study Tracks Impact of Recession on Hospitals

...in and Cash-on-Hand Hit Unprecedented Lows; Approximately Half of Hospitals unprofitable ANN ARBOR, Mich., March 2 /PRNewswire/ -- The median profit margin of ...ented low. In the Red: Approximately 50 percent of hospitals were unprofitable in the third quarter of 2008. Growth in Reimbursement Rates Shrink...

WellPoint Reports Fourth Quarter and Full Year 2008 Results

...d with $213.3 million in the fourth quarter of 2007. The increase was driven by improved results in State Sponsored operations, as the Company exited unprofitable Ohio Medicaid programs during the first half of 2008. Performance in the Company's Individual business also improved relative to the prior year quarte...

Mercury Computer Systems Announces the Sale of Visage Imaging to Pro Medicus Limited

...ro Medicus Limited. The financial terms of the transaction were not disclosed. "This transaction is a major step toward our goal of divesting our unprofitable and non-core businesses by the end of this fiscal year," said Mark Aslett, President and CEO of Mercury Computer Systems. "In pursuing strategic alter...

Conseco Reports Third Quarter Results

...2007. Results in this segment in the third quarter of 2007 included an $11 million increase to the amortization of insurance intangibles related to an unprofitable block of universal life insurance business and an $11 million increase to expenses related to operational initiatives and consolidation activities. ...

Hospital Leaders Urge Legislators Not to Further Destabilize Florida's Healthcare Landscape

...lorida, full-service hospitals would carry the burden for providing emergency services, caring for the poor and uninsured, and offering the vital, yet unprofitable health services to the community -- such as trauma, burn and neonatal care. Attending the press conference was Tracy Spivey, whose husband Steve die...

Two AIDS Vaccine Trials Hold Hope Against Epidemic

...n increase over funding levels three years ago but still short of the $1.1 billion needed, IAVI says. To attract private firms like Merck to the unprofitable field, the US and other governments have provided funds - with the requirement that all results are shared. For the vast majority of people with...
unprofitable in Biological News

Norway, Japan prop up whaling industry with taxpayer money

... Gland, Switzerland: The governments of Norway and Japan are using taxpayer money to subsidize their unprofitable whaling industries, according to a first-time analysis of the economics of whaling. Sink or Swim: The Economics of Whaling Today found that Norway...

August LabBits: A media tip sheet from the MBL in Woods Hole

...ally used for cooking in East Asian cultures, it could more easily be trawled in the waters around South America, the Caribbean and Asia, making conch unprofitable in the Northeast. This turned around in the 1980s, however, when overfishing of whelk quickly transformed the small New England conch fishery into a m...
unprofitable in Biological Technology

Renaissance Learning sells unprofitable subsidiary

Renaissance Learning Inc. , a provider of education products in Wisconsin Rapids, has sold Generation21 Learning Systems LLC to the subsidiary's president, John Stearns. Generation21 lost $4.6 million before taxes on $2.6 million in sales in 2004. Renaissance Learning said it had looked for str...

GE Medicals Acquisitions May Prompt More Purchases

...existing channels of distribution makes sense, Neibor is less optimistic GE Medical would retain other parts of Amershams offerings. The future of the unprofitable drug discovery business might be particularly uncertain, according to Neibor. The other part is Amershams biosciences and that is a completely dif...

Wisconsin Assembly passes capital investment bill, revised CAPCO program not presented

...tner at Venture Investors. Launched in 1999 with $50 million to support promising technology companies, CAPCO was criticized for being inefficient and unprofitable for Wisconsin and was thusly overhauled into WISCAP. The new programs is designed to allow a wider variety of investors to participate, give the state...

Renaissance earnings down 46 percent

... prevent Renaissance Learning, Inc. from posting disappointing earnings during the first quarter of 2006, and as a result the company will drop some unprofitable education software programs, CEO Terrance D. Paul said Tuesday. Renaissance is a provider of computerized assessment and progress monitoring tools ...
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