| The Month in Review | From the Editor: As evident from our top stories, July was a tumultuous month for healthcare. Unbelievably, new details continue to emerge about the February ransomware attack on Change Healthcare, with its parent company, UnitedHealth, now facing a potential class-action lawsuit. Additionally, a major report has been released detailing staggering fraud committed by Medicare Advantage insurers. To round things out with more routine updates, we also have news on Medicare reimbursement rates and developments in healthcare jobs relevant to all practices and businesses in the industry. As always, thank you for reading HealthExec.—Chad Van Alstin, Editor I welcome your tips, pitches and feedback: cvanalstin@innovatehealthcare.com From the Editor: As evident from our top stories, July was a tumultuous month for healthcare. Unbelievably, new details continue to emerge about the February ransomware attack on Change Healthcare, with its parent company, UnitedHealth, now facing a potential class-action lawsuit. Additionally, a major report has been released detailing staggering fraud committed by Medicare Advantage insurers. To round things out with more routine updates, we also have news on Medicare reimbursement rates and developments in healthcare jobs relevant to all practices and businesses in the industry. As always, thank you for reading HealthExec.—Chad Van Alstin, Editor
I welcome your tips, pitches and feedback: cvanalstin@innovatehealthcare.com |
| A HIPAA notification posted to the company’s website said details about patients’ diagnoses and treatments may have been stolen by hackers. A HIPAA notification posted to the company’s website said details about patients’ diagnoses and treatments may have been stolen by hackers. | | |
| The National Community Pharmacists Association and nearly 40 provider groups are seeking class-action status for their lawsuit against UnitedHealth Group and its subsidiaries. The plaintiffs argue they are still struggling to file claims after the February breach of Change Healthcare. The National Community Pharmacists Association and nearly 40 provider groups are seeking class-action status for their lawsuit against UnitedHealth Group and its subsidiaries. The plaintiffs argue they are still struggling to file claims after the February breach of Change Healthcare. | | |
| The owner of a health insurance telemarketing company was sentenced to 25 years in federal prison for selling limited indemnity health insurance plans using false and deceptive practices. The FTC had the courts liquidate the company’s assets earlier this year. The owner of a health insurance telemarketing company was sentenced to 25 years in federal prison for selling limited indemnity health insurance plans using false and deceptive practices. The FTC had the courts liquidate the company’s assets earlier this year. | | |
| According to an analysis from PitchBook, providers backed by private equity make up only 3.3% of the total market by revenue. According to an analysis from PitchBook, providers backed by private equity make up only 3.3% of the total market by revenue. | | |
| For the last year, the average monthly growth has been 64,000 new jobs. However, healthcare continues to outpace most other sectors of the economy. For the last year, the average monthly growth has been 64,000 new jobs. However, healthcare continues to outpace most other sectors of the economy. | | |
| According to a report, from 2019 and 2021, Medicare Advantage plans put taxpayers on the hook for dubious care services. According to a report, from 2019 and 2021, Medicare Advantage plans put taxpayers on the hook for dubious care services. | | |
| A North Korean national who may or may not still reside in his home country has been indicted for allegedly leading ransomware attacks against U.S. hospitals. A North Korean national who may or may not still reside in his home country has been indicted for allegedly leading ransomware attacks against U.S. hospitals. | | |
| Citing two sources familiar with the matter, journalists at CBS News said the health system is suspected of violating the Foreign Corrupt Practices Act. No charges have been filed. Citing two sources familiar with the matter, journalists at CBS News said the health system is suspected of violating the Foreign Corrupt Practices Act. No charges have been filed. | | |
| The average payment rate to physicians is suggested to be reduced by 2.93% in 2025 under the proposed fee schedule change, the agency noted. The average payment rate to physicians is suggested to be reduced by 2.93% in 2025 under the proposed fee schedule change, the agency noted. | | |
| A full court hearing to determine the fate of the FTC ban on noncompete clauses will be scheduled before Aug 31. For now, a judge has issued a preliminary injunction. A full court hearing to determine the fate of the FTC ban on noncompete clauses will be scheduled before Aug 31. For now, a judge has issued a preliminary injunction. | | |
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