Dec. 7, 2010

Today’s issue is brought to you by AIS’s Health Reform Week, the nation’s leading publication on the business implications of the massive changes for the health industry mandated by reform.

Today's Featured Story

Biotech Gets $1 Billion Under Reform, but Firms Sought Bigger Shares

While biotechnology firms welcome the $1 billion available under the federal health reform law to spur research and development of new therapies, numerous firms report receiving sums totaling far less than expected. That is because funding was divided among several thousand applicants — and capped in an unanticipated way, company executives tell AIS.... Read Full Story


Quote of the Day

“The idea of an [Accountable Care Organization] is not to put the insurance risk on the providers. It is to separate the insurance risk from the utilization risk. That provides an opportunity for health plans to manage the insurance risk while the ACO may manage the utilization risk.”

— Bruce Bagley, M.D., medical director for quality improvement at the American Academy of Family Physicians, told the recent Fall Forum in Chicago sponsored by America’s Health Insurance Plans.

Click here to read the HEALTH PLAN WEEK article in which this quote appeared. (Free for HPW subscribers; $17 for non-subscribers).


Today's Datapoint

$434 billion... will be the federal price tag when the reform law adds 16 million beneficiaries to the Medicaid program, according to Sen. Chuck Grassley (R-Iowa).

Click here to read the AIS's HEALTH REFORM WEEK article in which this datapoint appeared. (Free for HRW subscribers; $17 for non-subscribers).


People on the Move

MVP Health Care, a regional, not-for-profit health insurer in the Northweast, named Allen J. Hinkle, M.D., chief medical officer (CMO). Hinkle has been a CMO at Anthem Blue Cross Blue Shield in New Hampshire, chief medical director at Blue Cross Blue Shield of Vermont, and CMO at Tufts Health Plan in Boston...First DataBank, a developer of drug databases, appointed Joseph E. Heins, Pharm.D., vice president, global product management and marketing. Heins was executive vice president and chief operating officer at DocuSys.


Today's Featured Health Business Job Opening

Lexington Medical Center
Recovery Supervisor
West Columbia, S.C.

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