Health Care Companies Report Rising Profits; University of Utah Health Care Hospital System is First in Country to Post Online Physician Reviews and Comments - Health Minute for December 19, 2012

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Health Care Companies Report Rising Profits; University of Utah Health Care Hospital System is First in Country to Post Online Physician Reviews and Comments - Health Minute for December 19, 2012

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Wednesday, December 19, 2012 - 3:00pm

CONTENT: Press Release

Health care companies are reporting rising profits, due to a growing demand for products and services from an aging population, and the addition of more consumers to health insurance coverage through the new Affordable Care Act. Revenue at Gilead, known for its HIV and hepatitis treatments, has increased 98 percent. Health care information services company Cerner has grown 37 percent, and has averaged 19 percent growth annually over the past 20 years. Eli Lilly has gained 29 percent over the past year, driven by its treatments for Alzheimer’s, lung cancer, and diabetes 2. Abbott Labs has advanced 25 percent. That company will soon split its pharmaceutical business from its nutrition and devices business, and is expanding into fast-growing emerging markets.

The University of Utah Health Care hospital system is the first in the country to post online physician reviews and comments. The rankings are based on more than 40,000 patient surveys that evaluate physicians on nine questions, including confidence in a doctor, the doctor’s use of clear language and an effort to include the patient in decisions, and the doctor’s friendliness and courtesy. The rankings use a five-star system similar to consumer rating sites such as Yelp, Angie’s List, and HealthGrades. Currently, the system’s overall physician satisfaction ranking is 4.7 on a scale of 5.0

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Keywords: 3bl Media | Affordable Care Act | Cerner | Gilead | Health | Health Minute | Healthcare | University of Utah Health Care hospital system | online physician reviews and comments

CONTENT: Press Release

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