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The company was accused of billing the government for prescriptions patients never received. Walgreens said the oversight was a result of a software error. 

money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

Two medical device companies have announced a transaction that could shake up the U.S. electrophysiology market. 

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In a letter to Congress, the groups are urging lawmakers to support HR 9001 and lift the ban on physician-run hospitals.

Recall

Due to a risk of fatal overdose, the recall is labeled as the most serious of its type. While no patients have died, two have reportedly been injured. 

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Users on Facebook and Snapchat clicked on ads promising free cash, only to find out their health plan changed.

The study from the American Medical Association is based on data from commercial and Medicare Part D plans. The analysis found market share for PBMs is heavily concentrated, leading to higher drug costs. 

Around the web

“This is a financial emergency for our practice,” one physician says, according to a new survey from the American Society for Radiation Oncology.