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New Jersey Adopts Emergency Amendment on Physician-Ownership |
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Written by Scott Becker
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Friday, 18 January 2008 |
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The New Jersey Board of Medical Examiners, on the heels of an interesting case related to the Codey Act (the details of which you can view here), has issued an emergency amendment on physician-ownership. The amendment will require all qualifying practitioners and practices to adhere to disclosure-of-ownership requirements within 120 days of the amendment's effective date; it has been adopted on an emergency basis and will become effective upon acceptance for filing with the state Office of Administrative Law.
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Sens. Grassley and Specter Introduce Bill Requiring Medical Device Manufacturers to Publicly Report |
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Written by Scott Becker
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Friday, 18 January 2008 |
Orthopedic and cardiovascular medical device manufacturers are increasingly subject to a great deal of federal scrutiny.
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Orthopedic Industry News: Imaging and Device Slowdown; Physician Prescription Info Law Nixed |
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Written by Scott Becker
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Friday, 18 January 2008 |
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Changes in the Imaging and Medical Device Industry. The Wall Street Journal recently noted that each of Phillips, Siemens and General Electric is reporting reduced sales on items such as CT and MRI machines. This slowdown is due in part to reduced reimbursement from the government for non-hospital-site imaging. There is some expectation that this slowdown will last for a long time. Further, there is increased pricing pressure on the private and commercial payor sides. In reviewing this situation, the Wall Street Journal has reported that Phillips plans to change its business strategy to more fully attempt to grow its international business as opposed to staying as highly focused in the United States for CT and imaging business development. GE and Siemens have been less committal about potential changes in strategy.
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Ruling in La. Suit Boost for Out-of-Network Providers |
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Written by Scott Becker
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Friday, 18 January 2008 |
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A recent Federal Appellate Court Ruling from the 5th District regarding a dispute between Blue Cross and some hospitals in Louisiana sets a positive precedent for out-of-network providers and payments. The case started when two hospitals -- who had terminated their Blue Cross contracts due to too-low reimbursements -- filed a complaint with the Louisiana Department of Insurance against the company. In response, Blue Cross sent payment checks directly to patients for services provided by the two hospitals, forcing them to pursue patients for reimbursement -- a difficult task.
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Pa. Report: ASCs Save Medicare $464 Million Annually |
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Written by Scott Becker
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Friday, 18 January 2008 |
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An independent report on Pennsylvania's ASCs has turned up some interesting statistics. The report, entitled Financial Analysis 2006, Volume Two, reported a total of 205 licensed ASC facilities in the state with 28 facilities having opened between June 2006 and May 2007. The report also indicated a 17-point increase in the number of outpatient diagnostic and surgical (D&S) procedures over a six-year period. In 2006, ASCs performed 622,652 of the total 2.3 million outpatient D&S procedures in the state.
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