For health insurers, government health programs have become an increasingly important part of their business.» Read More
For the fourth quarter, RadNet reports Total Net Revenue of $178.3 million and Adjusted EBITDA of $31.9 million, increases of 11.9% and 30.0%, respectively, over the prior year's fourth quarter Net Income for the fourth quarter was $0.03 per diluted share, compared to a Net Loss of$ per share in the fourth quarter of 2012 For the year, RadNet reports annual Revenue of $703.0 million and annual Adjusted EBITDA of $112.8 million; Revenue increased 8.6% and Adjusted EBITDA decreased 0.7% from 2012 Annual results exceeded the high-end of the revised 2013 guidance ranges for Revenue and Adjusted EBITDA RadNet announces 2014 guidance ranges, which anticipates stability in Revenue and Adjusted EBTDA despite the previously announced Medicare reimbursement cuts RadNet announces a proposed refinancing transaction to replace its existing $200 million of 10 3/ 8% Senior Unsecured Notes with a Second Lien Term Loan and additional borrowings.
NEW YORK, Feb. 25, 2014-- Seeger Weiss LLP today announced that the U.S. Department of Justice, the United States Attorney for the District of New Jersey, and the Medicaid Fraud Units of the Attorneys General of New York and New Jersey have reached a $15.5 million dollar settlement in a newly-unsealed healthcare fraud case against Doshi Diagnostic Imaging Services, P.C. and Diagnostic Imaging Group, LLC.
TUCSON, Ariz., Feb. 18, 2014-- The Association of American Physicians and Surgeons sent the following letter to Marilyn Tavenner, Administrator of the Centers for Medicare and Medicaid Services, in an attempt to clarify whether patients enrolled in Medicaid have the right to purchase private care:.
Hundreds of people with HIV/AIDS trying to obtain coverage under Obamacare are in danger of being thrown out of their insurance plan.
TUCSON, Ariz., Jan. 20, 2014-- The public relations campaign that is being waged by both advocates and opponents of the Affordable Care Act is largely a war of opposing anecdotes, states the Association of American Physicians and Surgeons.
Dr. William Grace, MD, Grace Oncology founder, discusses the rate of Medicaid recipients using emergency rooms in hospitals unnecessarily.
The White House is coming under pressure from some of its closest allies to name a CEO to run its health insurance marketplace.
PHILADELPHIA, PA., Dec. 20, 2013-- Independence Blue Cross today announced the introduction of a new national health plan option for Medicare- eligible group retirees starting January 1. 2014. The new Personal Choice 65 PPO is a Medicare Advantage PPO plan that includes comprehensive Medicare Part D prescription drug coverage.
LOS ANGELES, Dec. 16, 2013-- RadNet, Inc., a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 251 owned and operated outpatient imaging centers, today announced that it completed an initial analysis of changes for 2014 in the Medicare Physician Fee Schedule and the Hospital Outpatient Prospective Payment System rates as determined by the Final Rule as released by the Centers for Medicare& Medicaid Services on November 27 th.
RALEIGH, N.C., Dec. 12, 2013-- Baxano Surgical, Inc., a medical device company focused on designing, developing and marketing minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region, today announced the 2014 Medicare Final Physician Fee Schedule Rule released in late November revises upward the Practice Expense Relative Value Units for Current Procedural Terminology Code 22586 for pre-sacral interbody fusion.
SOUTHERN PINES, N.C., Dec. 10, 2013-- With the Affordable Care Act and other new legislative requirements imposing significant new financial burdens on private duty home care agencies, which will ultimately drive up the cost to consumers of obtaining in-home care, a non-profit group is alerting consumers to an alternative source for obtaining private home care for elderly family members.
WALTHAM, Mass., Dec. 10, 2013-- BG Medicine, Inc. announced today that the Centers for Medicare and Medicaid Services have published the final determination of the 2014 Medicare national limitation amount for the Company's galectin-3 blood test at the amount of a crosswalked test whose 2014 national limitation amount is $30.01.
ALBANY, N.Y., Dec. 10, 2013-- AngioDynamics, a leading provider of innovative, minimally invasive medical devices for vascular access, surgery, peripheral vascular disease and oncology, announced the Centers for Medicare and Medicaid Services has created a new Ambulatory Payment Classification that includes both in-hospital endovenous radiofrequency treatments and in-hospital endovenous laser varicose vein ablation, such as the Company's VenaCure EVLT procedure.
MALVERN, Pa., Dec. 4, 2013-- BioTelemetry, Inc., the leading wireless medical technology company focused on the delivery of health information to improve quality of life and reduce cost of care, announced that the Centers for Medicare and Medicaid Services has published a reduction to the reimbursement for remote cardiac monitoring services effective January 1, 2014.
The history of federal health care is a tale of the hazards of presenting changes to consumers who might not want them. Take the 1989 Medicare law. The New York Times reports.
Republican efforts to stop Obamacare are a throwback to past efforts by former lawmakers to stop other federal entitlement programs. The New York Times reports.
Texas Lieutenant Governor David Dewhurst (R), discusses the "broken system" under Medicaid right now, and Texas' efforts to cover the uninsured.
CNBC's Bertha Coombs reports CIO Tony Trenkle of Centers for Medicare & Medicaid Services is stepping down November 15th.
Rep. Paul Ryan want to know there are ways to verify how many people have been offered employer sponsored insurance. "We have ways of verifying" if employer sponsored plans have been offered, says Marilyn Tavenner, Centers for Medicare and Medicaid Services administrator.
Troy, Oct. 28, 2013-- Advomas, a national industry leader in health care payer sourcing, has been awarded the designation of multi-state Certified Application Counselor Designated Organization by the Centers for Medicare and Medicaid Services.