Rowlett Man Sentenced for Healthcare Fraud

Olalekan Sorunke, 40, of Rowlett, was sentenced last week by U.S. District Judge Jorge A. Solis to 30 months in federal prison and ordered to pay $691,175 in restitution following his guilty plea in February to one count of health care fraud, stemming from the operation of Dallas-based Lincoln Medical Supply Inc. Solis ordered that Sorunke surrender to the Bureau of Prisons on July 10. Lincoln was a durable medical equipment (DME) supply company. According to court documents, Sorunke maintained a valid Medicare group provider number to submit Medicare claims for DME. However, he submitted Medicare claims that were not… Full Story

Baylor Forms Joint Venture to Test, Purchase Medical Devices

Baylor Health Care System is launching a joint venture to test the long-term effectiveness of medical devices with two other large U.S. health systems and one of the nation’s largest health-benefits companies. The new venture is called SharedClarity, includes Baylor Health Care System, San Francisco-based Dignity Health, and Illinois-based Advocate Health Care, and UnitedHealthcare. The three member health systems employ about 100,000 people and care for about 7 million patients annually. UnitedHealthcare provides health benefits to more than 40 million Americans. The partners plan to add more health systems this year. SharedClarity will seek is to improve patient outcomes by… Full Story

Morning Rounds (03.28.13)

Insurance companies will have to pay out an average of about one-third more for medical claims on individual health policies under the ACA.

Plano-based Argon Medical Devices plans to acquire Interventional Products Business of Angiotech Pharmaceuticals Inc.

Despite the cut in on-call hours, residents are not getting more sleep and are reporting more errors and symptoms of depression. Full Story

Plano-based Device Maker Plans Acquisition

Plano-based Argon Medical Devices plans to acquire Interventional Products Business of Angiotech Pharmaceuticals Inc. Interventional Products Business manufactures and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products, and vascular interventional products. The transaction is expected to be completed by the end of April. As part of the transaction, Argon will also acquire three dedicated manufacturing facilities in Wheeling, IL; Gainesville, FL; and Rochester, NY.  Argon currently manufactures its products in facilities in Athens, TX and Singapore.  

Morning Rounds (02.27.13)

Tenet Healthcare Corp. has reported Adjusted EBITDA of $336 million for the Q4 2012, up $48 million from the fourth quarter of 2011.

Parkland Health & Hospital System Board of Managers has re-elected its board chair.

The percentage of adults with employer-sponsored insurance stabilized in 2012 after three years of decline, according to a Gallup survey.

The number of Americans remotely monitored at home is expected to grow six-fold by 2017 according to InMedica, a division of IMS Research.

 

 

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Remote Patient Monitoring Expected to Rise Six-Fold by 2017

The number of Americans remotely monitored at home is expected to grow six-fold by 2017 according to InMedica, a division of IMS Research. In 2012, clinicians reviewed long-distance vital signs on computer screens for some 227,000 patients with congestive heart failure (CHF), chronic obstructive pulmonary disease, diabetes, hypertension, and mental illness. By 2017, that number will jump to almost 1.3 million. Report coauthor Shane Walker, associate director for digital health at InMedica, said the increase will be fueled by  delivery reform and penalties in the Affordable Care Act. “It’s all about moving toward preventive care and reducing avoidable hospital readmissions,”… Full Story

Morning Rounds (02.15.13)

The healthcare sector continues to add jobs, despite the continued slow growth in overall healthcare spending.

Workplace health management programs report greater success when spouses are included.

The Food and Drug Administration has approved a technology that will give limited vision to people who are blind with an “artificial retina.” Full Story

FDA Approves Technology that Gives Blind People Limited Vision

The Food and Drug Administration has approved a technology that will give limited vision to people who are blind with an “artificial retina,” according to The New York Times. The structure, called Argus II, is composed of electrodes that are surgically implanted in the eye along with glasses, and attached camera, and a portable video processor that, when combined, are able to transmit visual images to the brain. Argus II will allow people who are blind to see outlines and boundaries. According to the article, “With it, people with certain types of blindness can detect crosswalks on the street, burners… Full Story

Morning Rounds (02.07.13)

More than half of physicians are unaware of the disclosures required by the Sunshine Act ,released last week by the Centers for Medicare and Medicaid.

Texans with a mental illness are 50 percent more likely to smoke cigarettes, the Centers for Disease Control reports.

Teenagers who experience more positive interactions with their family are more likely to have stronger relationships and marriages later on in life. Full Story

Majority of Physicians Unaware of Sunshine Act

More than half of physicians are unaware of the disclosures required by the Sunshine Act released last week by the Centers for Medicare and Medicaid, according to a survey MMIS, a global technology company. The law requires that medical device and pharmaceutical companies must report their payments to physicians and disclose them in a publicly available database. The regulation was part of the Affordable Care Act. The survey results actually reflected a 5 percent increase in lack of awareness of the law’s provisions compared with a year ago, according to MMIS.