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Texas sues PBMs, drug companies for collusion | PE firm buys Surescripts | Home care president guilty of bank fraud

News You Need to Know Today
Texas sues PBMs, drug companies for collusion | PE firm buys Surescripts | Home care president guilty of bank fraud
Monday, October 7, 2024
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Today's News and Trends

Private equity firm buys controlling stake in Surescripts

TPG will not own a majority of the e-prescriber, with CVS Health and Express Scripts maintaining a minority stake.

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durbin-ama-opioid. The American College of Cardiology (ACC) and American Heart Association (AHA) have published new guidelines focused on the diagnosis, treatment and management of patients with chronic coronary disease (CCD).
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Private equity firm buys controlling stake in Surescripts

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durbin-ama-opioid. The American College of Cardiology (ACC) and American Heart Association (AHA) have published new guidelines focused on the diagnosis, treatment and management of patients with chronic coronary disease (CCD).
TPG will not own a majority of the e-prescriber, with CVS Health and Express Scripts maintaining a minority stake.
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Texas sues PBMs and drug manufacturers for insulin price collusion

Two weeks ago, the FTC launched a similar antitrust suit. The pharmacy benefit managers and pharmaceutical companies are accused of artificially raising drug costs through rebates and kickbacks.

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The Texas State Capital building in Austin where 140 scope creep bills were defeated in 2024 by the Texas medical Association.
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Texas sues PBMs and drug manufacturers for insulin price collusion

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The Texas State Capital building in Austin where 140 scope creep bills were defeated in 2024 by the Texas medical Association.
Two weeks ago, the FTC launched a similar antitrust suit. The pharmacy benefit managers and pharmaceutical companies are accused of artificially raising drug costs through rebates and kickbacks.
READ MORE >

Home health president convicted in $1.6M Medicare and bank fraud scheme

Prosecutors said Ester Mbaya stole Medicare funds and took out lines of credit using falsified documents. She pleaded guilty to the charges.

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Home health president convicted in $1.6M Medicare and bank fraud scheme

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Prosecutors said Ester Mbaya stole Medicare funds and took out lines of credit using falsified documents. She pleaded guilty to the charges.
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Featured Articles

Orlando Health buys 5 Alabama hospitals for $910M

The nonprofit health system purchased the Brookwood Baptist Health network from for-profit Tenet Healthcare, which held a 70% controlling stake.

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healthcare money economics dollar stethoscope acquire merger
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Orlando Health buys 5 Alabama hospitals for $910M

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healthcare money economics dollar stethoscope acquire merger
The nonprofit health system purchased the Brookwood Baptist Health network from for-profit Tenet Healthcare, which held a 70% controlling stake.
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BD settles majority of 38,000 lawsuits over dangerous surgical mesh

Becton Dickinson & Co does not admit to wrongdoing and said the undisclosed settlement will not significantly impact its bottom line.

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money court scale of justice ruling legal settlement
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BD settles majority of 38,000 lawsuits over dangerous surgical mesh

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money court scale of justice ruling legal settlement
Becton Dickinson & Co does not admit to wrongdoing and said the undisclosed settlement will not significantly impact its bottom line.
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Baxter closes largest IV solution factory, sparking fears of a shortage

Flood damage forced Baxter to close a facility that makes 60% of IV solutions in the U.S., a loss of 1.5 million bags per day. 

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Helene damage to bridge Baxter North Cove facility in North Carolina.
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Baxter closes largest IV solution factory, sparking fears of a shortage

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Helene damage to bridge Baxter North Cove facility in North Carolina.
Flood damage forced Baxter to close a facility that makes 60% of IV solutions in the U.S., a loss of 1.5 million bags per day. 
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Water fence erected to protect Tampa General Hospital during Hurricane Helene

Tampa General Hospital protected its facilities from flooding using quickly erected water-proof panels around the hospital.

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Members of the Tampa General Hospital facilities team install AquaFence panels around the lower areas of the hospital campus to protect it from expected flooding due to predicted heavy rain and storm surge water from Hurricane Helene. Photo from Tampa General Hospital.
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Water fence erected to protect Tampa General Hospital during Hurricane Helene

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Members of the Tampa General Hospital facilities team install AquaFence panels around the lower areas of the hospital campus to protect it from expected flooding due to predicted heavy rain and storm surge water from Hurricane Helene. Photo from Tampa General Hospital.
Tampa General Hospital protected its facilities from flooding using quickly erected water-proof panels around the hospital.
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In Case You Missed It

Epic sued by interoperability startup following dispute over patient data

Particle Health has accused Epic Systems of monopolistic business practices that hinder data-driven initiatives to improve patient care. Epic calls the complaint “baseless.” 

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The Epic EMR booth at HIMSS 2023. Photo by Dave Fornell
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Epic sued by interoperability startup following dispute over patient data

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The Epic EMR booth at HIMSS 2023. Photo by Dave Fornell
Particle Health has accused Epic Systems of monopolistic business practices that hinder data-driven initiatives to improve patient care. Epic calls the complaint “baseless.” 
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FDA announces Class I recall for compounding inlets due to risk of death

Baxter’s disposable inlets for automated compounding systems could pose a serious risk to patients if not properly inspected before use.

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the words "FDA recall" on a board
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FDA announces Class I recall for compounding inlets due to risk of death

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the words "FDA recall" on a board
Baxter’s disposable inlets for automated compounding systems could pose a serious risk to patients if not properly inspected before use.
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Q&A: Healthcare attorney skeptical of California’s new private equity regulation

AB 3129 grants the Attorney General of California oversight of private equity transactions in healthcare. An attorney with Holland & Knight is concerned about the unintended consequences of the proposed law. 

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California State Capitol Sacramento
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Q&A: Healthcare attorney skeptical of California’s new private equity regulation

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California State Capitol Sacramento
AB 3129 grants the Attorney General of California oversight of private equity transactions in healthcare. An attorney with Holland & Knight is concerned about the unintended consequences of the proposed law. 
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In Other News

How 1 hospital cut its CT scheduling interval from 6 weeks to 3 days, adding $1.6M in revenue

The University of Rochester Medical Center operates two major imaging sites that handle most outpatient CT requests, completing an average of nearly 3,300 exams each month. 
 

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quality
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How 1 hospital cut its CT scheduling interval from 6 weeks to 3 days, adding $1.6M in revenue

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quality
The University of Rochester Medical Center operates two major imaging sites that handle most outpatient CT requests, completing an average of nearly 3,300 exams each month.  
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Is ultrasound necessary for all interventional procedures requiring femoral artery access?

Several such IR procedures require US guidance, but a new study is questioning the modality’s effectiveness in reducing complication rates. 

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Is ultrasound necessary for all interventional procedures requiring femoral artery access?

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Several such IR procedures require US guidance, but a new study is questioning the modality’s effectiveness in reducing complication rates. 
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