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News You Need to Know Today
Governors urge Congress to act | More support for prior authorization reform | Zevra inks deal worth up to $91M
Friday, September 1, 2023
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Today's News and Trends

Governors urge Congress to act now on medication shortages, supply chain insecurities

Eleven GOP governors joined together to call for a more transparent drug manufacturing supply chain.

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Society for Cardiovascular Angiography and Interventions (SCAI) is asking its interventional cardiologist members to take action to prevent further cuts in Medicare payments in 2024 by contacting their Congressmen. There were substantial cuts in Centers for Medicare and Medicaid Services (CMS) payments to physicians in 2023 further cuts each year can only be prevented if Congress changes the laws for how CMS pays physicians.
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Governors urge Congress to act now on medication shortages, supply chain insecurities

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Society for Cardiovascular Angiography and Interventions (SCAI) is asking its interventional cardiologist members to take action to prevent further cuts in Medicare payments in 2024 by contacting their Congressmen. There were substantial cuts in Centers for Medicare and Medicaid Services (CMS) payments to physicians in 2023 further cuts each year can only be prevented if Congress changes the laws for how CMS pays physicians.
Eleven GOP governors joined together to call for a more transparent drug manufacturing supply chain.
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AHA shares support of new prior authorization reform in letter to Congress

The American Hospital Association believes the Gold Card Act could help healthcare providers throughout the country avoid "dangerous delays." 

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gold card
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AHA shares support of new prior authorization reform in letter to Congress

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gold card
The American Hospital Association believes the Gold Card Act could help healthcare providers throughout the country avoid "dangerous delays." 
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Zevra inks deal worth up to $91M to strengthen rare disease portfolio

Zevra Therapeutics has agreed to acquire Acer Therapeutics, taking over the commercialization of two of the company's key offerings. 

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artificial intelligence money finance acquisition
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Zevra inks deal worth up to $91M to strengthen rare disease portfolio

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artificial intelligence money finance acquisition
Zevra Therapeutics has agreed to acquire Acer Therapeutics, taking over the commercialization of two of the company's key offerings. 
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Featured Articles

Florida doctor pleads guilty to role in conspiracy to control cancer resources

“The FBI will not stand by and allow those trusted with saving lives to manipulate the healthcare system for their own benefit," one agent said in a DOJ statement. 

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Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
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Florida doctor pleads guilty to role in conspiracy to control cancer resources

Share on Twitter Share on Facebook Share on Linkedin
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement
“The FBI will not stand by and allow those trusted with saving lives to manipulate the healthcare system for their own benefit," one agent said in a DOJ statement. 
READ MORE >

Former Mayo Clinic researcher gets 18 years in prison for supporting ISIS

The man vowed to conduct "lone wolf" attacks in support of the terrorist group ISIS.

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Former Mayo Clinic researcher gets 18 years in prison for supporting ISIS

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man in prison behind bars
The man vowed to conduct "lone wolf" attacks in support of the terrorist group ISIS.
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Centene to offload UK hospital system for $1.2B

The company reached a definitive agreement to sell Circle Health to the largest health system in the Middle East.

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Healthcare M&A, mergers and acquisitions business deal.
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Centene to offload UK hospital system for $1.2B

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Healthcare M&A, mergers and acquisitions business deal.
The company reached a definitive agreement to sell Circle Health to the largest health system in the Middle East.
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In Case You Missed It

Biden administration invests $100M in strengthening nursing workforce

The funding is a response to the escalating demand for registered nurses, nurse practitioners, certified nurse midwives and nurse faculty throughout the United States. 

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Biden administration invests $100M in strengthening nursing workforce

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nurse.jpg
The funding is a response to the escalating demand for registered nurses, nurse practitioners, certified nurse midwives and nurse faculty throughout the United States. 
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FDA warns public not to use certain pregnancy tests due to safety, accuracy issues

The agency shared a list of 15 diagnostic tests that should not be used by patients going forward. 

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FDA warns public not to use certain pregnancy tests due to safety, accuracy issues

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The agency shared a list of 15 diagnostic tests that should not be used by patients going forward. 
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In Other News

Inflation-adjusted Medicare pay in radiology has decreased by $2.8B since 2005

This occurred during a period when radiologists took on an increasing workload, with relative value units leaping 13.1% during the 16-year study period. 

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Medicare money payment reimbursement dollar decline. More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts. 
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Inflation-adjusted Medicare pay in radiology has decreased by $2.8B since 2005

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Medicare money payment reimbursement dollar decline. More than 100 U.S. medical societies are throwing their support behind a new proposal that could reform out-of-date Medicare policies and help limit future payment cuts. 
This occurred during a period when radiologists took on an increasing workload, with relative value units leaping 13.1% during the 16-year study period. 
READ MORE >

Seeds for weight loss recalled: FDA says they are a ‘highly toxic’ plant containing cardiac glycosides

The FDA found that the seeds are actually yellow oleander, a poisonous plant known to contain cardiac glycosides.

READ MORE >
the words "FDA recall" on a board
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Seeds for weight loss recalled: FDA says they are a ‘highly toxic’ plant containing cardiac glycosides

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the words "FDA recall" on a board
The FDA found that the seeds are actually yellow oleander, a poisonous plant known to contain cardiac glycosides.
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