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The following column is written by Andrew D. Galbraith, CFA, MBA, director with HealthCare Appraisers.   With the increase in acquisition activity in the healthcare industry, buyers need to be aware of the rule governing purchase accounting. Accounting Standard Codification…

The Centers for Medicare & Medicaid Services has reversed its long-standing limitation on surgery centers performing procedures on the day they are scheduled, according to an Ambulatory Surgery Center Association release (pdf).

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The district attorney of Texas’ Harris County has repeatedly complained to federal Medicare officials about fraud involving private ambulances, only to have her concerns ignored for more than two years, according to a Houston Chronicle report. DA Pat Lykos says…

After conducting an investigation, the Associated Press claims officials fighting Medicare fraud regularly suspend providers only to “quickly reinstate them after appeals hearings that government employees don’t even attend,” according to an AP report from ABC News. These speedy reinstatements…

Last year, hospitals lost more than $1 billion on procedures by using expensive medical devices, such as implants for heart and orthopedic procedures, according to a Premier Inc. survey, a Wall Street Journal report said.

Ray Elliott, who served at Boston Scientific's CEO for just 26 months, stepped down as CEO yesterday, according to a MassDevice report. Hank Kucheman, currently the executive vice president and group president of the Cardiology, Rhythm and Vascular department will…

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