Consequences of Illegal Behavior in Pharma

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When it comes to reputation Big Pharma has some serious problems, at least according to the 2015 Harris corporate reputation poll. Pharmaceutical companies rank ninth out of 14 industries when it comes to respect – or a lack thereof. There is no question that pharmaceutical companies provide an invaluable public service, but their reputation has…

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GAO: Government misspent billions on Medicare/Medicaid

A bunch of money that is in the shape of a bird.

Last year, Medicare financed health services for approximately 54 million elderly and disabled beneficiaries at a total cost of $603 billion. Of that, approximately $60 billion went toward improper payments, according to a report issued last week by the Government Accountability Office (GAO) Most of that misspent money, about $45.8 billion, went toward the Medicare…

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CMS says ICD-10 testing successful: Are you prepared?

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The Centers for Medicare and Medicaid Services is reporting that it successfully completed the first week of end-to-end testing of the soon-to-be-implemented ICD-10 coding. The testing, which took place between Jan. 26 and Feb. 3, included 661 participants with about 1,400 National Provider Identifiers registered. They were split equally between direct submitters and clearing houses/billing…

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