Three physician practices closed their doors this week — one after 45 years, one after 20 and one amid federal fraud charges against its owner. Here are the three closures: 1. Physician’s Surgery Center of Knoxville (Tenn.) announced plans to…
Patsy Newitt
Physician’s Surgery Center of Knoxville (Tenn.) has announced plans to shutter after 45 years of business, according to an Aug. 1 Facebook post from the ASC. The physician-owned ASC, accredited by Accreditation Association for Ambulatory Health Care, had 5 operating…
For years, many ASCs have operated outside healthcare’s transparency movement. This year, the industry is shifting, and the push didn’t just come from patients. The Leapfrog Group’s ASC Public Reporting Program launched July 27 alongside Leapfrog’s 2026 ratings, which cover…
Boston-based Ophthalmic Consultants of Boston has agreed to pay nearly $3.9 million to resolve False Claims Act allegations of improperly billing Medicare and MassHealth for office visits in addition to intravitreal injection procedures, the Justice Department said in a July…
A Mansfield, Mass., optometrist who sold his practice to a private equity-backed group in 2023 has launched PracticeAmerica, a “doctor-to-doctor” practice transition marketplace designed to give independent physicians a seller-financed exit path without brokers or PE involvement, according to a…
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Two New York ophthalmology practices have agreed to pay a combined $2.3 million to resolve False Claims Act allegations of billing Medicare and Medicaid for medically unnecessary transcranial doppler ultrasounds through a kickback arrangement with a third-party testing company, the…
Physicians on RVU-based compensation plans often have no way of knowing whether the rate they are being paid is fair, and according to one gastroenterologist, that is often by design. The structural disconnect of wRVUs is well documented. Provider productivity,…
A wave of M&A hit the ASC industry over the past three months, with five major deals reshaping ownership across the sector. Health systems and physician-owned platforms alike moved to consolidate, from Ascension’s $3.9 billion AmSurg acquisition and its subsequent…
Physician medical groups were the most active sector in healthcare M&A in the first quarter of 2026, accounting for 145 of the 549 publicly announced transactions tracked by Irving Levin Associates, according to a July 20 news release. Overall deal…
Two Florida men have been sentenced to federal prison for their roles in a scheme that submitted approximately $35 million in fraudulent Medicare Advantage claims for medically unnecessary orthotic braces, the Justice Department said in a July 31 news release.…