Future docs apply to med schools in record numbers (Morning Read)

Current medical news and unique business news for anyone who cares about healthcare.

Will record med school apps help the physician shortage situation? The number of med school applicants is the highest its been in a decade, according to the Association of American Medical Colleges, and the number of minority applicants is at a record high. Enrollment in medical school has increased more than 16 percent since 2002; however, the AAMC says there won’t be enough slots for med students to complete their residencies at teaching hospitals unless residency programs receive more support from Medicare.

6 out of 25 highest paid CEOs are in healthcare. Forbes’ list of the highest-paid CEOs is out, and not surprisingly, it’s loaded with healthcare execs. Who’s on the list? John Hammergren of McKesson, George Paz of Express Scripts, Stephen Hemsley of UnitedHealth Group, John Martin of Gilead Sciences, David Pyott of Allergan and Gregory Lucier of Life Technologies.

GE admits glitch in EHR software. GE Healthcare has spotted some “inaccuracies” in its electronic medical records reporting software that caused the company to encourage customers who have not yet attested to Meaningful Use to hold off until they can have the software updated.


Lennox-Gestaut treatment approved. The FDA has cleared Clobazam (Onfi) for the treatment of a severe form of epilepsy called Lennox-Gastaut syndrome. It is the first treatment cleared in the U.S. specifically for that condition, although it has been available in other countries for many years.

Cigna to acquire HealthSpring. Health insurer Cigna snagged HealthSpring Inc. for $3.8 billion, making it the latest deal by a health insurer to expand its share of the fast-growing Medicare Advantage market.

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