BALTIMORE, Md. (July 15, 2015)—After three years of operations, the Centers for Medicare & Medicaid Services (CMS) reported that the agency’s advanced analytics system, called the Fraud Prevention System, identified or prevented $820 million in inappropriate payments in the program’s first three years.
WASHINGTON, D.C. (July 15, 2015)—The U.S. Small Business Administration will sponsor two Regulatory Enforcement Fairness Roundtable discussions during July. The first discussion will be July 21 from 10 to 11:30 a.m. at the Montana Manufacturing Extension Center, 2310 University Way, Building 2, Bozeman, Montana. The second hearing will be July 23 at the University of Great Falls—Absolon Lounge, 1301 20th St. South, Great Falls, Montana.
TUCSON, Arizona (July 1, 2015)—Health care M&A advisory firm Vertess announced the closing of two acquisitions by Patient Home Monitoring (PHM), a health care company with $200 million annualized revenue and a focus on diverse products and services that improve outcomes, reduce hospital readmissions and help control costs.
BALTIMORE, Maryland (July 8, 2015)—CMS released the first proposed update to the physician payment schedule since the repeal of the Sustainable Growth Rate through the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
The proposal includes a number ofprovisions focused on person-centered care, and continues the Administration’s commitment to transform the Medicare program to a system based on quality and healthy outcomes.
LENEXA, Kansas (July 6, 2015)—Mediware Information Systems Inc., a provider of comprehensive post-acute care health care software, announced the immediate availability of an integrated patient pay solution for users of their CPR+ pharmacy software.
PITTSBURGH, Penn. (July 9, 2015)—Rotech Healthcare Inc. (Rotech) announced it has purchased the respiratory equipment assets of Alert Medical in Ft. Myers and Naples, Florida.
“The momentum continues,” said Tim Pigg, CEO of Rotech. “We are thrilled to be expanding our footprint in these service areas.”
Duckridge Advisors served as the M&A adviser to Alert Medical.
BOSTON, Mass. (July 7, 2015)—Think Global recently recognized Brownmed as one of six "Exporter of the Year" award winners in its most recent issue of Exporter USA magazine. Among other factors, winners were selected based on “total number of documented export deals completed, the company’s commitment to exporting and the company’s innovation and originality in marketing products or services.”
RICHMOND, Virginia (July 6, 2015)—Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of TIDI Products, LLC (TIDI) a portfolio company of J.H. Whitney Capital Partners (J.H. Whitney) to RoundTable Healthcare Partners (RoundTable).
DAVISON, Michigan and ATLANTA (July 6, 2015)—Universal Software Solutions announced a partnership with Prometheus Group, an outcomes-based billing services provider. The partnership will benefit health care providers using Universal Software Solutions’ Healthcare Data Management System (HDMS) in the home health care markets of DME, home infusion, pharmacy and mail order.