Emeryville, Calif.-based, physician-owned Vituity has agreed to pay $8.75 million to settle a class action lawsuit alleging mismanagement of its 401(k) plan, including excessive fees and imprudent investments, according to court documents accessed by Becker’s. What happened? What’s next?
Author: Patsy Newitt
The number of ASCs treating Medicare beneficiaries continued to rise in 2023, with an increasing volume of procedures and spending, according to the latest report from the Medicare Payment Advisory Commission. Here are five key facts to know: 1. The…
A nurse practitioner in West Virginia has pleaded guilty to four counts of healthcare fraud, according to a March 19 news release from the Justice Department. What happened? What’s next?
Kansas City, Mo.-based Sunflower Medical Group is facing a class-action lawsuit for allegedly failing to protect patient and employee data, resulting in a cybersecurity breach that exposed sensitive, personally identifiable information and protected health information, according to court documents accessed…
Brentwood, Tenn.-based Surgery Partners reported a record-breaking $3.1 billion in annual revenue, while Bain Capital’s bid to take the company private underscores private equity’s continued interest in the ASC market, according to a March 17 analysis from VMG Health. Bain’s…
Advertisement
Here are 20 deals in the last two years to know involving physician practice and group acquisitions: Private equity-backed groups Amazon Optum CVS Other acquisitions to note:
Massachusetts has the highest physician-to-population ratio, according to the 2023 Association of American Medical Colleges State Physician Workforce Data Report, the latest available. Here are the physicians per capital in all 50 states State Total active physicians Active physicians per…
CVS Health is reevaluating its role in healthcare as financial pressures mount. The company, along with other major retailers, is scaling back its healthcare ambitions in response to economic and operational challenges. In 2024, CVS reported total revenues of $173.6…
As the ASC industry continues to evolve, major players are adapting their strategies to meet market demands, regulatory changes and shifting patient needs. Three of the largest ASC operators — United Surgical Partners International, HCA Healthcare and Surgery Partners —…
Colonoscopies cost more in hospital outpatient departments than ASCs in all 50 states, according to data from insurance company Sidecar Health’s cost calculator. Here’s a breakdown of the average cash price for HOPDs and ASCs for colonoscopies per state: State…