April 19, 2021

Lonnie Listonsmith

Experienced Health Expert

Health

1 min read

New Jersey’s largest healthcare employees’ union is preparing to begin contract negotiations with three Hudson County hospitals, amid the ongoing COVID-19 pandemic and a drawn-out struggle for ownership over the county’s hospitals.

The Health Professionals and Allied Employees, which represents 14,000 employees statewide, will enter into contract negotiations with Christ Hospital in Jersey City, Bayonne Medical Center and Palisades Medical Center in North Bergen, as well as the North Bergen long-term care facility the Harborage.

It’s unclear exactly when the negotiations will begin, but an HPAE press release said the union is “either at the bargaining table now or will

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April 9 (UPI) — The Affordable Care Act has slowed increases in out-of-pocket costs for those with health insurance coverage under the law by about 80%, an analysis published Friday by JAMA Network Open found.

Since the ACA, also known as Obamacare, was enacted in 2010, average out-of-pocket expenses for doctor visits, prescription drugs and other services have risen by an average of 0.2% per year, the data showed.

However, during the nine years before the law’s passage, from 2000 to 2009, these fees, which are charges over and above what insurance pays, increased by an average of 1% per

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The executive director of the St. Vincent Healthcare Foundation will step down from his position at the end of the month.

SCL Health St. Vincent Healthcare announced Saturday that Ty Elkin, who headed the fundraising and charity branch of the nonprofit healthcare organization for more than two years, will be leaving his role to serve as vice president of Stockman Bank.

“I am grateful for the continued support of the community for the work we do and I look forward to continuing to play a role in advancing our community impact efforts in the years to come. Billings is my

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In horse racing, to bet the field means to place a single bet on all of the entrants as one, not including the horse with the best odds to win. But in investing, if you’re using odds in your analysis, then you might be breaking one of the primary ground rules: Do not confuse investing with gambling.

But if you enjoy betting the field to minimize the risk of investing in the healthcare sector by predicting a single winner, then this ETF may be just what you’re looking for. BlackRock‘s iShares U.S. Medical Devices ETF (NYSEMKT:IHI) not only gives

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While the number of healthcare mergers fell, the average transaction size skyrocketed.

Hospital and healthcare system mergers fell in the first quarter of 2021, but the average transaction sized soared.

According to a news release, a new analysis from industry consultant Kaufman Hall found there were only 13 announced deals in the first quarter of 2021, compared to 29 announced deals the previous year.

Meanwhile, the average seller size by revenue was $676 million due to the pandemic-spurned rise in so-called mega merges, involving two companies with more than $1 billion in annual revenues, and transactions with sellers with revenues

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(WXYZ) — Henry Ford Health System said during a virtual COVID-19 update that the surge is taking a toll on its healthcare workers.

“Our healthcare workers are exhausted. They’re not just tired, they’re exhausted … they need our support once again as we ask them to continue this journey and deal with this surge,” said Bob Riney, Chief Operating Officer of Henry Ford Health System.

He called on the public to comply with COVID safety measures, asking them to think about the exhausted medical staff before going out without a mask or to a large social gathering.

“None of us

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