Sutter to pay $90M in largest False Claims Act settlement against health system for alleged MA fraud
The record payment comes on the heels of another massive settlement for the nonprofit, adding to the hit on its already stressed bottom line.
FDA restarts distribution of Lilly’s COVID-19 drug in 22 states
Use of the treatment had been halted due to weakened efficacy versus an early coronavirus variant. Now, with delta widely prevalent and demand for antibody treatments surging, Lilly’s therapy will be available again.
New Jersey hospitals appeal FTC merger challenge
Hackensack Meridian Health, the largest health system in New Jersey, wants to to acquire a close competitor. The Federal Trade Commission won an injunction to stop the deal, which is now headed to an appeals court.
Philips sleep apnea, ventilator recall triggers US lawmaker scrutiny, legal woes
Patients seeking class-action status and Sen. Richard Blumenthal are questioning the medtech’s timing of the recall and outreach to patients. Philips has not quantified the impact of the suits but said it could be material.
Cleveland Clinic profitable in Q2 as patients return, but COVID-19 surge hits Florida hospitals
The hospital system’s rebound from 2020’s pandemic-driven losses accelerated, but its facilities in Florida saw an increase in COVID-19 patients in July and August, with some non-emergency care postponed.
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Post call: How a pandemic transformed healthcare for the future
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Swell of COVID-19 cases likely to pressure hospital margins, Fitch says
As hospitalizations overwhelm facilities, operators need more staffing. But workers are in short supply, causing costs for contracted labor to rise. The ratings agency expects staffing shortages to persist into next year.
Mayo Clinic, Alphabet’s Verily partner to build clinical decision support tools
The two plan to initially focus on a set of cardiovascular and cardiometabolic conditions.