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Ascension experiences cyberattack | Former NBA player sentenced to 40 months | Medicare's financial woes

News You Need to Know Today
Ascension experiences cyberattack | Former NBA player sentenced to 40 months | Medicare's financial woes
Friday, May 10, 2024
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Today's News and Trends

Ascension experiences disruption of operations after 'cybersecurity event'

A third-party security firm has been brought in to assess what systems were accessed and what data, if any, was taken.

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Ascension experiences disruption of operations after 'cybersecurity event'

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cyberattack cybersecurity IT
A third-party security firm has been brought in to assess what systems were accessed and what data, if any, was taken.
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Former NBA player sentenced to 40 months in prison for role in $5M healthcare fraud conspiracy

Glen “Big Baby” Davis was convicted in November of healthcare fraud and related wire fraud charges.

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Former NBA player sentenced to 40 months in prison for role in $5M healthcare fraud conspiracy

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Glen “Big Baby” Davis was convicted in November of healthcare fraud and related wire fraud charges.
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Medicare on solid ground for now but headed for fiscal quicksand

Medicare’s Hospital Insurance (HI) Trust Fund has the wherewithal to pay the full bill for beneficiaries’ stays in hospitals, hospice sites and skilled nursing facilities for the next 12 years. But what then? 

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medicare cms in fiscal financial trouble
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Medicare on solid ground for now but headed for fiscal quicksand

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medicare cms in fiscal financial trouble
Medicare’s Hospital Insurance (HI) Trust Fund has the wherewithal to pay the full bill for beneficiaries’ stays in hospitals, hospice sites and skilled nursing facilities for the next 12 years. But what then? 
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Featured Articles

Former nurse sentenced to life for murdering patients with insulin injections

Heather Pressdee, 41, pleaded guilty to the charges, which included three counts of first-degree murder and 19 counts of attempt to commit murder.

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Former nurse sentenced to life for murdering patients with insulin injections

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Heather Pressdee, 41, pleaded guilty to the charges, which included three counts of first-degree murder and 19 counts of attempt to commit murder.
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Steward Health Care files for bankruptcy, citing rising labor costs and reduced reimbursement

The health system employs 40,000 people and cares for more than 12 million patients in eight states.

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Steward Health Care files for bankruptcy, citing rising labor costs and reduced reimbursement

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bankruptcy.jpg
The health system employs 40,000 people and cares for more than 12 million patients in eight states.
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AMA says Change Healthcare breach is crippling independent practices

A survey of physicians by the American Medical Association reveals that many practices are still losing revenue and struggling to make payroll as a result of the Change Healthcare hack.

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doctor in handcuffs after being arrested
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AMA says Change Healthcare breach is crippling independent practices

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doctor in handcuffs after being arrested
A survey of physicians by the American Medical Association reveals that many practices are still losing revenue and struggling to make payroll as a result of the Change Healthcare hack.
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In Case You Missed It

Nurses gather at Kaiser hospital to protest rapid adoption of AI

The California Nurses Association said AI is largely unregulated, untested and poses a serious threat to patient safety.

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Nurses gather at Kaiser hospital to protest rapid adoption of AI

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Protest
The California Nurses Association said AI is largely unregulated, untested and poses a serious threat to patient safety.
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House to hold hearing on new patient data rights legislation

The bipartisan American Privacy Rights Act (APRA) would allow consumers to access and delete much of their personal data being held by private companies.

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bipartisan house task force on artificial intelligence
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House to hold hearing on new patient data rights legislation

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bipartisan house task force on artificial intelligence
The bipartisan American Privacy Rights Act (APRA) would allow consumers to access and delete much of their personal data being held by private companies.
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In Other News

Medical device company raises $87M to study new-look scaffolds for BTK PAD

R3 Vascular also announced that Christopher M. Owens, a veteran of the medical device industry, is its new president and CEO. 

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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.
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Medical device company raises $87M to study new-look scaffolds for BTK PAD

Share on Twitter Share on Facebook Share on Linkedin
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.
R3 Vascular also announced that Christopher M. Owens, a veteran of the medical device industry, is its new president and CEO. 
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RadNet sees quarterly revenue climb to ‘record’ $432M with double-digit growth across multiple modalities

Comparing only imaging centers that operated both quarters, MRI volumes increased 10% compared to Q1 of 2023 while PET/CT was up more than 15%. 

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Financial data showing growing revenue
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RadNet sees quarterly revenue climb to ‘record’ $432M with double-digit growth across multiple modalities

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Financial data showing growing revenue
Comparing only imaging centers that operated both quarters, MRI volumes increased 10% compared to Q1 of 2023 while PET/CT was up more than 15%. 
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