LifePoint Hospitals announced the promotion of five senior directors to vice president:
• Mike Caplenor, vice president of IT&S service delivery and administration
• John Faust, vice president of financial and ancillary systems
• Ed Richards, vice president of technology services
• Ron Evans, vice president of clinical systems
• Sean Van Kerkhove, vice president of physician services
"One of LifePoint's strategic priorities is talent development, and we rely on the expertise and experience of dedicated professionals to help our organization succeed," David Dill, LifePoint president and CEO, said in a release. "Mike, John, Ed, Ron and Sean understand our company's vision and our commitment to providing high quality care. Each of these individuals has made a valuable impact by helping LifePoint to develop the best technology platforms, engage physicians and staff, and support our hospitals and the communities we service."
Shares of Healthways (Ticker: HWAY) are up more than 12 percent in the last of hour of trading today after Dougherty & Co. analyst Brooks O'Neil lifted his rating on the company to 'buy' from 'neutral' and said he sees the stock climbing to $20. The move came after Healthways published its second-quarter profits and said it expects to put up better margins for the rest of this year. "We still believe the earning power of the business far exceeds its current level and we think the presence of the agitator group (now with 3 board seats) has put incremental pressure on management to deliver solid results this year," O'Neil wrote. "Our thinking has evolved over the past few months to include a realization that there is limited downside and potentially positive upside here."
Also benefiting from a post-earnings analyst call is Tractor Supply. Feltl & Co. analyst Brent Rystrom now rates the stock a 'buy' instead of a 'hold,' and Rystrom now sees the Tractor Supply shares (Ticker: TSCO) headed to $68 from their Wednesday close of $61.07.
Insurers in Tennessee will refund $10 million to a pool of more than 300,000 consumers through an Affordable Care Act requirement this month.
The Medical Loss Ratio rule requires insurers to spend at least 80 percent of premiums on patient care and quality. "If insurers spend an excessive amount on profits and red tape, they owe a refund back to consumers," Sylvia Burwell, Health and Human Services secretary, said in a release.
According to data from the Centers for Medicare and Medicaid Services, Tennesseans in the refund pool will receive an average of $53 per family. Tennessee had the 14th-highest total refund figure, but the seventh-lowest refund per family. Rebates are required to be provided by Aug. 1.
For the refund data per state, click here.
Richard Close at Avondale Partners has reaffirmed his buy rating and target price of $33.50 for HealthStream, saying that the workforce development company has multiple avenues for growth in addition to its ICD-10 training products. Revenue growth excluding ICD-10 has accelerated above 20 percent, Close said, and the company's other service lines should "foster growth and ease headwind of ICD-10 roll-off."