AIS's Health Business Daily
Strategic Business News from Experienced Health Care Reporters
at Atlantic Information Services, Inc.
Report on Patient Privacy
Today’s issue is brought to you by AIS's Report on Patient Privacy, the industry's #1 source of timely news and business strategies for safeguarding patient privacy and data security.

August 19, 2014

Today's Featured Story

R.I. Hospital Settles With Massachusetts for $150,000 but Faces an OCR Inquiry
Reprinted from Report on Patient Privacy

It sounds like something out of a 60s-era rock song. But the alleged failure of a Rhode Island medical center to keep track of more than a dozen computer back-up tapes during a “hospital-wide media destruction” has cost it a penalty of $150,000 and resulted in a corrective action plan that requires, among other things, that it hire a private firm to audit how well it is complying with HIPAA.... Read Full Story

 

Quote of the Day

“As with any new approach, purchasers should consider this strategy [of formulary exclusion] with caution and consideration of the risks and benefits. Proponents of the approach predict that there will be savings (e.g., one PBM estimates that exclusions will lead to 2-3% savings of prescription drug spend for subscribers)....At this time, employer groups with and without exclusion strategies do not exhibit discernible differences in per member per month costs, nor trend. Further, the resulting impact on the larger medical spend is also unknown.”

— According to a brief by the National Business Coalition on Health.

From DRUG BENEFIT NEWS.

 

Today's Datapoint

$70.18 ... is the Part D average monthly bid for 2015, down from $75.88 for 2014 and $79.64 for 2013, but the program’s reinsurance subsidies provide some cushion for the decline.

Click here to read the MEDICARE ADVANTAGE NEWS article in which this datapoint appeared. (Free for MAN subscribers; $17 for non-subscribers).

 

FierceHealthPayer News from our partner FierceMarkets

Top Blues execs in Alabama receive million-dollar pay increases

Top 10 executives at Blue Cross and Blue Shield of Alabama earned an additional $1 million each in 2013, and collectively have doubled their pay since 2011, according to an article on AL.com.... Read more

 

Today from Washington

People on the Move

Molina Healthcare, Inc. appointed Keith Wilson, M.D., chief medical officer, responsible for establishing clinical policy and oversight of medical management functions of all the company’s health plan subsidiaries. He was previously the vice president of clinical services for the Molina Medical Group clinics and American Family Care….Anavex Life Sciences Corp., a clinical-stage biopharmaceutical company, named Tasos Zografidis, Ph.D., vice president, clinical operations. He most recently served as a clinical and pharmaceutical consultant.

 

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