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News You Need to Know Today
Weekly Update: Baxter IV shortage update | Private equity consolidation | Pharmacy fined $39M for fraud | Class I FDA recalls
Saturday, November 2, 2024
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This Week’s News

Baxter producing IV solutions ahead of schedule at Asheville-area site

The company said its largest production line at its North Carolina plant is operational, accounting for 25% of total output. The site was damaged by flood waters from Hurricane Helene. 

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Helene damage to bridge Baxter North Cove facility in North Carolina.
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Baxter producing IV solutions ahead of schedule at Asheville-area site

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Helene damage to bridge Baxter North Cove facility in North Carolina.
The company said its largest production line at its North Carolina plant is operational, accounting for 25% of total output. The site was damaged by flood waters from Hurricane Helene. 
READ MORE >

Hackers were inside an Iowa hospital’s network for two weeks

St. Anthony Regional Hospital confirmed patient data was taken by cybercriminals, but the August incident is still being investigated.

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ransomware cybercrime
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Hackers were inside an Iowa hospital’s network for two weeks

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ransomware cybercrime
St. Anthony Regional Hospital confirmed patient data was taken by cybercriminals, but the August incident is still being investigated.
READ MORE >

Private equity owns 900 patient care centers in Philadelphia, report finds

Physical therapy practices in greater Philadelphia are of particular interest to private equity firms, with 271 locations owned by six companies. The report comes from the Private Equity Stakeholder Project (PESP). 

 

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private equity corporatization business consolidation
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Private equity owns 900 patient care centers in Philadelphia, report finds

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private equity corporatization business consolidation
Physical therapy practices in greater Philadelphia are of particular interest to private equity firms, with 271 locations owned by six companies. The report comes from the Private Equity Stakeholder Project (PESP).  
READ MORE >

Stewardship Health sale to private equity finalized for $245M

The physician group, once part of Steward Health Care, has been rebranded as Revere Medical.

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Stewardship Health sale to private equity finalized for $245M

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The physician group, once part of Steward Health Care, has been rebranded as Revere Medical.
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Q&A: Medicaid evolving to meet the mental health and material needs of patients

The former Medicaid Director of Texas, Gary Jessee, tells HealthExec that state healthcare programs are raising the bar for care access and quality, even for patients covered by commercial plans. 

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Mental Health
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Q&A: Medicaid evolving to meet the mental health and material needs of patients

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Mental Health
The former Medicaid Director of Texas, Gary Jessee, tells HealthExec that state healthcare programs are raising the bar for care access and quality, even for patients covered by commercial plans. 
READ MORE >

Bill introduced in Congress would raise physician reimbursement by 1.9%

The Medicare Patient Access and Practice Stabilization Act aims to change the annual Centers for Medicare and Medicaid Services physician fee schedule, which cut reimbursement by 2.8% for 2025. 

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Bill introduced in Congress would raise physician reimbursement by 1.9%

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The Medicare Patient Access and Practice Stabilization Act aims to change the annual Centers for Medicare and Medicaid Services physician fee schedule, which cut reimbursement by 2.8% for 2025. 
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MGMA concerned by 2025 Medicare Physician Fee Schedule

The Medical Group Management Association (MGMA) Senior Vice of Government Affairs, Anders Gilberg, explains MGMA’s 28-page letter to CMS on issues with the proposed 2025 Medicare Physician Fee Schedule.
 

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MGMA's Anders Gilberg discusses concerns on Medicare physician fee schedule
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MGMA concerned by 2025 Medicare Physician Fee Schedule

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MGMA's Anders Gilberg discusses concerns on Medicare physician fee schedule
The Medical Group Management Association (MGMA) Senior Vice of Government Affairs, Anders Gilberg, explains MGMA’s 28-page letter to CMS on issues with the proposed 2025 Medicare Physician Fee Schedule. 
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Pharmacy fined $39M for fraud after 7-day trial

Florida-based Assured RX was found to be complicit in billing a Connecticut health plan $10M, sending kickbacks to co-conspirators who formerly worked for the state. 

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Stark Law Kickback Erlanger
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Pharmacy fined $39M for fraud after 7-day trial

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Stark Law Kickback Erlanger
Florida-based Assured RX was found to be complicit in billing a Connecticut health plan $10M, sending kickbacks to co-conspirators who formerly worked for the state. 
READ MORE >

FDA issues Class I update on robotic arms due to risk of fire

A protective coating on Jaco Assistive Robotic Arms from Kinova could become damaged, leading to exposed metal causing an electrical fire when it comes into contact with a powered wheelchair.

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the words "FDA recall" on a board
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FDA issues Class I update on robotic arms due to risk of fire

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the words "FDA recall" on a board
A protective coating on Jaco Assistive Robotic Arms from Kinova could become damaged, leading to exposed metal causing an electrical fire when it comes into contact with a powered wheelchair.
READ MORE >

FDA issues Class I recall on tracheostomy tubes after 12 injuries

The Smiths Medical BLUSelect and related products have a manufacturing defect and must be removed from stocks immediately. 

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Smith Medical FDA issues BLU tracheostomy tubes FDA recall
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FDA issues Class I recall on tracheostomy tubes after 12 injuries

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Smith Medical FDA issues BLU tracheostomy tubes FDA recall
The Smiths Medical BLUSelect and related products have a manufacturing defect and must be removed from stocks immediately. 
READ MORE >

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