Baxter to ‘double down’ on cost-cutting
Baxter International's new CEO said he plans to accelerate the company's cost reductions and reinvest some of the savings to try to boost tepid sales growth. Jose Almeida, who succeeded...
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Abbott Labs to buy rapid-testing company
Abbott Laboratories is making a $5.8 billion investment in rapid diagnostic testing, a sign of how testing is moving closer to patients and away from centralized labs. The Abbott Park-based...
How the CEO of community clinics is expanding wellness beyond health care
The health care environment is changing so rapidly that Donna Thompson feels like she's back working as a nurse in a hospital intensive care unit. The CEO of a network...
Walgreens suspends use of Theranos lab
Walgreens said Thursday that it has suspended the use of a California blood testing laboratory run by a startup after federal regulators found deficiencies at the facility. Walgreens said patient...
Consumers caught in the middle of insurers, hospital payment disputes
Some Chicago-area consumers were surprised to learn this month that insurance companies can at any time limit their access to doctors and hospitals in health plans. Land of Lincoln Health...
Is Alexian Brothers in Land of Lincoln’s network? Alexian has no idea
There is more confusion over Land of Lincoln Health's network of hospitals and doctors. Alexian Brothers Health Systems in the northwest suburbs confirmed Monday that negotiations over a new contract...
Hospital property tax exemptions on hold in Illinois after court action
The Illinois Department of Revenue will hold off on issuing any new property tax exemptions for hospitals while the courts resolve whether a law that details how to get those...
Land of Lincoln drops U. of C. medical center; customers claim ‘bait and switch’
Land of Lincoln Health, a struggling Chicago health insurer, will drop the University of Chicago's medical center and affiliated doctors from its insurance network March 1, an unexpected change that...
Dumped Blue Cross members find new frustration: Customer service
Consumer dissatisfaction with the Illinois health insurance market has spilled into the new year. Much of the frustration stems from Blue Cross and Blue Shield of Illinois' decision last year...
Baxalta CEO to leave after merger with Shire
Baxalta's CEO will leave the company after the close of its acquisition by Shire, the Bannockburn-based drugmaker has disclosed in securities filings. It's fairly typical for the top executives of...