|Supreme Court Weighs in on Providers' Rights to Sue States over Medicaid Rates|
In a 5-4 decision by the U.S. Supreme Court, physicians, hospitals and other private providers will not be allowed to sue states over Medicaid reimbursement rates, even if the state doesn't abide by federally approved remibursement formulas.
|Alexander, Murray Introduce Budget Amendment to Ensure Cutting-Edge Medical Treatments Reach American Patients|
On March 26, Senate Health Committee Chairman Lamar Alexander (R-Tenn.) and Ranking Member Patty Murray (D-Wash.) introduced a budget amendment to promote the research, development, and approval or licensure of the most cutting-edge, safe and effective medical treatments, devices, and cures for American patients and to ensure that America remains the global leader in biomedical innovation.
|THA, National Associations Weigh in on Proposed SGR Fix|
Update: House overwhelmingly passes the bill 392-37. The bill now moves to the Senate. If passed by Senate, President Barack Obama has indicated he will sign the measure into law.
THA President & CEO Craig Becker released a statement in favor of the bipartisan H.R. 2 bill, which would permanently fix the flawed sustainable growth rate (SGR) formula rather than relying on short-term annual Congressional intervention. Another element of the House of Representatives package, slated for a vote on March 26, is that it includes DSH, CHIP and community health center funding, as well.
|Who Gets to Build a New Brentwood ER? Nobody|
Both TriStar Southern Hills and Saint Thomas Midtown recently filed CON applications to build freestanding emergency departments in Brentwood near I-65 and Old Hickory Blvd. In addition to opposing each other's plans, Vanderbilt University Medical Center and Williamson Medical Center opposed both. On March 25, the Tennessee Health Services and Development Agency voted 5-4 to deny both CON applications.
LHC in D.C. Last Thoughts
David Wasserman, The Cook Report
On the final evening in Washington, D.C. the 100 members of the Leadership Health Care delegation enjoyed a keynote address by David Wasserman, House editor of The Cook Political Report, who offered a dynamic anaylsis of the road to the White House in 2016.
LHC in D.C. Day Two
Dr. Meena Seshamani, Dir. HHS Office of Health Reform
During the second day of Leadership Health Care’s (LHC) annual trip to Washington, DC, 100 of Nashville’s emerging healthcare leaders heard from members of the Tennessee delegation to Congress, as well as key members of the Obama Administration, about the healthcare topics that are shaping policy discussions in the nation’s capital.
LHC in D.C. Day One
CNN's Chris Frates
Less than a week after the Supreme Court heard oral arguments in the controversial King v. Burwell case, 100 of Nashville’s emerging healthcare leaders visited Washington, D.C., to gather insight into policy and politics that will shape the healthcare industry in the year ahead. A slate of expert speakers told attendees of the 13th Annual Leadership Health Care Delegation that Washington is holding its breath as it awaits the Court’s ruling, which could eliminate health insurance subsidies for about eight million Americans.
|Pinnacle Purchases Stake in Healthcare Lender|
From our sister pubilcation, NashvillePost:
Pinnacle Financial Partners has acquired a 30 percent stake in a Florida-based healthcare lender with a national footprint and pre-tax margins of 50 percent. Nashville-based Pinnacle paid $75 million in cash and debt for its stake in Bankers Healthcare Group, which was founded in 1992. The move is expected to add 7-9 percent to the company's 2015 earnings per share (EPS), which analysts have pegged at $2.59.
Geert De Lombaerde