Morning Headlines 9/1/16

UPMC reports strong year-end financials

UPMC closes its 2016 fiscal year with a positive outlook on its ACA exchange policy, growing its regional market share from 18 to 67 percent. CFO Robert DeMichiei explains, “We did not jump in with low price points. That is what I think happened to the national insurers and to many of the Blues across the country — the idea was to grab market share immediately. We did not do that, and that allowed us to get some clarity about the population and the right pricing.”

The World’s Most Innovative Companies

Forbes names Cerner to its list of world’s most innovative companies, ranking it 37 of 100.

Theranos Halts New Zika Test After FDA Inspection

Theranos withdraws its FDA application for a Zika diagnostic test after regulators found that the company did not include proper patient safeguards during its testing.

Researchers question report alleging vulnerabilities in St. Jude devices

Medical-device manufacturer St. Jude Medical responds to allegations made by investment firm Muddy Waters that its medical devices are vulnerable to life threatening hacks. In a statement released by the company, President and CEO Michael Rousseau says “The allegations made by Muddy Waters and MedSec are irresponsible, misleading and unnecessarily frightening patients.”