More employers like Allied Electric Inc. are turning to defined contribution models that let workers pick the best coverage for their needs on one of the growing number of private exchanges. It’s one way businesses are creatively reining in escalating health insurance costs.
A Kalamazoo-based medical device company is one step closer to launching studies in the U.S. and Europe to test its innovative catheter system in the treatment of severe hypertension.
Patients in Michigan lack the necessary information to make informed decisions about their health care.
Bronson Methodist Hospital’s opening of a new walk-in medical clinic at the Meijer Inc. store in Portage brings a growing health care trend to West Michigan, one that’s altering how patients access care.
As if employers didn’t have enough headaches in managing their employees’ health benefits, now they face an emerging trend that carries an enormous price tag: the growing number of specialty drugs to treat complex medical conditions.
The Michigan State Medical Society’s new investment fund seeks to bolster medical innovation in the state by offering companies early-stage capital to support product development.
Just months after moving into new labs that expands its research capabilities, Spectrum Health is already looking at expansion.
In forming a new research hub in Grand Rapids, Van Andel Institute is building its capabilities in an emerging scientific area.
Blue Cross Blue Shield of Michigan’s loss on health insurance policies deepened in 2013, led once again by an individual market that has long been a drag on earnings.
Priority Health recorded strong earnings for 2013 with a small increase in income from underwriting policies and slight declines in revenue and investment income.
The founder of Enviah PC, a Grand Rapids-based health care design research firm, is being honored by her alma mater. The University of Michigan Alumnae Council is presenting Lorissa MacAllister with its 2014 Athena Award in honor of her accomplishments in a field that’s often considered inaccessible to women. MacAllister will return to the U of M on March 29 to receive the award and present a lecture on the role of environments in promoting health. She spoke with MiBiz about the honor.
Blue Cross Blue Shield of Michigan recorded net income of $265 million last year, driven largely by earnings from its subsidiaries. The insurer’s bottom line, however, was smaller than it was in 2012 and it continued to lose money on health coverage for more than 4.45 million people.
Hastings-based Pennock Health Services is planning for a new $70 million hospital that will be conducive to how medicine is practiced today.
Signing five more health systems into a new reimbursement contract that shifts how hospitals are paid gives Blue Cross Blue Shield of Michigan added traction to execute similar deals across the state.
A proposal with an estimated price of $220 million would give Mercy Health Muskegon not just a new medical center but a new way to care for patients, executives say.
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