Breaking Healthcare News August 7, 2012

[ADMIN]

Breaking Healthcare News August 7, 2012


Today’s Healthcare Headlines:

• CMS says new rules will cut red tapeThe CMS issued new financial transaction rules for hospitals and other HIPAA-covered providers Tuesday that federal officials expect will cost up to $2.7 billion over 10 years but save as much as $4.5 billion.
  
• $400 million children’s hospital opens in Ala.Patients have been moved into the Benjamin Russell Hospital for Children in Birmingham, Ala., a $400 million, 12-story expansion of Children’s Hospital of Alabama.
  
• Advocate proposes a pair of hospital projects in IllinoisAdvocate Health Care is moving ahead with a pair of hospital projects totaling $455 million in Chicago’s Lakeview neighborhood and in south suburban Oak Lawn, Ill., as the giant hospital network looks to tap record-low interest rates.
  
• N.Y. seeks to tap Medicaid-reform savingsThe state of New York has asked federal officials for $10 billion the state is projected to save from Medicaid reform for
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