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  • Blue Cross/Blue Shield of Massachusetts reports $57.6 million profit for the 3rd quarter

    Health Insurance companies despite the downturned economy are still showing major profits and as stated below maintaining some pretty large “reserve” funds, money that basically just sits there and collects interest, which is some pretty large dollar amounts and the related reading below will give some...
    Posted to The Medical Quack .... by Barbara Duck on 11-15-2008
    Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, Blue Cross, bankruptcy, Desperate Hospitals, Blue Shield, Venture Capital, Reserve Funds, Profits, Bank
  • WellPoint to begin pilot Medical Tourism program with India

    If you work at Serigraph, a specialty printer based in West Bend, Wisconsin, you will be part of the pilot program.  It starts in January and offers no out of pocket expenses for the employee.  Hospital are approved by the joint commission.  The rights and remedies statement below interesting...
    Posted to The Medical Quack .... by Barbara Duck on 11-12-2008
    Filed under: Medically Related, Insurance, Surgery, health insurance, Hospitals, Blue Cross, Medical Tourism, India, Risk Management, Wellpoint
  • BlueCross BlueShield Create New Venture Capital Organization

    Sandbox Industries will be the responsible party to manage the 116 million dollar fund.  Interesting that their first investment was an EHR/data integrator health service.  The information management portion consolidates and integrates data through the HL7 format.  They also offer services...
    Posted to The Medical Quack .... by Barbara Duck on 11-03-2008
    Filed under: Medically Related, Insurance, EHR, Blue Cross, Practice Management, Blue Shield, Venture Capital, data integration, provider, payers, Technology software
  • Health insurers reinvent themselves as money managers – Banks

    Well Point and United Healthcare have created their own banks, it was either this or connect with a 3rd party.  I first posted about this last year and you can read the articles under related posts below.  It is still a risk management business by all means though, so this is just another expansion...
    Posted to The Medical Quack .... by Barbara Duck on 10-22-2008
    Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, Physicians, Blue Cross, Doctors, Insurance plans, Wellpoint, Insurance premiums, United HealthCare, Banks, Consumer Healthcare
  • Don't Have a Leg To Stand On - Replacing a hip replacement

    We all complain about having to wait and the referral process of HMOs.  This is a good post to take a look at here as this man has created an online diary as to the processes that are taking place to get his hip surgery done, a replacement for an artificial hip that is failing.  He driving...
    Posted to The Medical Quack .... by Barbara Duck on 09-14-2008
    Filed under: Medically Related, Insurance, healthcare, HMO, Blue Cross, Hip Surgery
  • Blue Cross Denies Back Surgery For RN - California

    FDA approved - investigational?  Why do we have issues with insurance companies?  Where does the money get spent, California is trying to change this to where 85% of premium money goes towards healthcare.   It does make you wonder sometimes when you see so many projects funded by insurance...
    Posted to The Medical Quack .... by Barbara Duck on 09-09-2008
    Filed under: Medically Related, Insurance, health insurance, Claims, FDA, Blue Cross
  • Concierge Physician vs. Blue Cross/Blue Shield

    Open up a concierge practice, well this physician was canceled by one carrier.  Other carriers have done the same in other instances.  Read the full story for all the details.  Physicians all over are changing business models and when they select to charge and give the patient the time...
    Posted to The Medical Quack .... by Barbara Duck on 09-05-2008
    Filed under: Medically Related, Insurance, Physician, healthcare, Blue Cross, Health Insurance Coverage, Conciergne Practice
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