American Pain Society considers bankruptcy — 4 details

The American Pain Society could cease operations, in part due to costly legal battles, according to an email obtained by MedPage Today.

Advertisement

Four details:

1. In the May 22 email, the APS board asked society members to approve filing a Chapter 7 bankruptcy petition, which would dissolve the group.

2. APS has been fighting a number of lawsuits alleging the organization and other medical associations were a front for opioid drugmakers that financially supported them.

3. At least 10 percent of APS’ 1,173 eligible members had to vote by May 29, with a majority in favor of the filing, for the society to shut down. Results of the vote had not yet been disclosed at the time of publication.

4. APS’ Journal of Pain and several research grants would be dissolved or taken over by other organizations. The 2020 annual meeting has already been called off after years of declining attendance.

More articles on anesthesia:
Now-defunct Laser Spine Institute under fire over insurance handling — 5 key details
Washington passes surprise-billing law
3 ways ASCs can improve cash flow

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Unlocking Structural Heart Capacity: How Leading Programs Use EMR and Data to Improve Patient Flow and Throughput

Wednesday, August 19
11:00 AM - 12:00 PM CDT

Presenters: Katie Kennedy, MSN, APRN, NP-C, Community Heart and VascularMisty Theriot, BSN, RN, CPHQ, FACC, Lake Charles Memorial Health SystemKatie Worthington, DNP, RN, Atlantic Health SystemTaryn Shipley, MBA, CSSBB, Lean HealthTech

Advertisement

Next Up in Anesthesia

Advertisement

Comments are closed.