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...Just this year, a change to medical billing laws wiped out KKR’s $3.5bn equity investment in bankrupt Envision Healthcare. Senior creditors will probably take losses....
...Envision Healthcare, a KKR-owned company that employs doctors who staff emergency rooms and anaesthesiology departments in hundreds of US hospitals, sued UnitedHealthcare in 2018 in a dispute over billing...
...private equity firm’s legal team worked with software developers to create an online portal combining several applications to help on day-to-day work, such as non-disclosure agreements, deal management, e-billing...
...Brightflag Most customers of Brightflag’s legal matter management and e-billing platform are first-time legal tech buyers....
...As the campaign intensified, Veritas was building investments in companies that digitise medical billing, acquiring a unit of GE Healthcare that focused on billing and other medical software for about $1.1bn...
...and other medical software for about $1.1bn....
...“For a place with that volume and acuity [medical urgency], it is just not safe not to have multiple attendings supervising the residents and physician assistants.”...
...In 2019, the company became embroiled in the opioid crisis after an Oklahoma judge ordered it to pay $572m in connection with the state's epidemic....
...Oklahoma has been one of the states resisting the imposition of more stringent lockdown measures, but on Wednesday Kevin Stitt, its governor, became the first leader of a US state to test positive for the...
...Our chart of the day looks at a slowdown in growth of US medical supply imports even as the virus ramps up....
...Apple on Wednesday announced that it would re-close 30 US retail stores in seven states — including Florida, Texas, Oklahoma and its home state of California — signalling to investors and other retailers...
...But just as important as Kormákur’s ingenuity was a quirk of fate: his production office was next to a medical company....
...The judge found the proper remedy was an “abatement plan”, which he calculated to include costs for the management of substance abuse treatment programmes, public education and medical services — for example...
...J&J has come under increased legal pressure in the last quarter, after it lost an opioid crisis-related lawsuit in Oklahoma and was ordered to pay $572m....
...Pharma companies have a “public responsibility”, says Lewis Nelson, chair of the department of emergency medicine at Rutgers New Jersey Medical School....
...“What they are showing in Oklahoma, I wouldn’t even call it the tip of the iceberg. It is barely poking out of the water....
...Medical device sales were buoyed by growth in electrophysiology — used in cardiology — and consumer sales were helped by beauty brands such as Neutrogena and Aveeno....
...The news that Johnson & Johnson has been ordered to pay $572m by the state of Oklahoma over its contribution to the US opioid crisis is just the latest skirmish in a seemingly never-ending war on drugs....
...The company was a buyout vehicle for small, private healthcare billing and back-office operations, with an opaque ownership structure....
...The cash deal, announced Monday morning, values the provider of electronic healthcare record and medical billing software at $135 a share....
...I am not able to remove the background image of [the Real Medical-Billing Business] in the presentation.” (emphasis added)....
...The world of electronic medical records and hospital billing is esoteric. As such, it is full of waste and rent-seeking....
...Apple is part of North Carolina’s pilot programme, alongside start-ups Zipline, Matternet and Flytrex that are working on drone deliveries of medical supplies....
...Potassium acetate has been used in a lethal injection only once before in 2015 in Oklahoma — but only by mistake....
...If medical billing is your thing, maybe go and have a look at a vehicle called CF Corporation, which listed on Nasdaq last May....
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