WASHINGTON – Federal Reserve Chair Janet Yellen pledged to serve out her term and defended the Dodd-Frank banking regulations, in defiance of President-elect Donald Trump. “We wouldn’t want to see the clock turned back on financial regulation,” she told lawmakers
Binding pre-dispute arbitration agreements have been prohibited under the Centers for Medicare & Medicaid Services’ final rule for long-term care facilities that was released late Wednesday. Long-term care lobbyists have opposed such a move. The rule, which becomes effective Nov.
As a result of legislation, ABX2-1, recently passed in the extraordinary session of the legislature, the developmental services system will be receiving an additional amount of new funding of $500 Million beginning July 1 , 2016. Among the many things
By Dave Barkholz | August 3, 2016 Community Health Systems is now negotiating to sell 12 hospitals, two more than were being shopped in May, CHS CEO Wayne Smith said during a second-quarter earnings call Wednesday. The sale now is expected
By Virgil Dickson | August 2, 2016 In a final rule released Tuesday, the CMS said it will keep a controversial 1.5% cut to hospital reimbursement. Industry stakeholders had rallied against the move which aims to recoup a total of $11
By Virgil Dickson and Lisa Schencker | June 27, 2016 Home healthcare agencies may see a 1% drop in Medicare reimbursement in 2017, the final year of cuts meant to recoup previous overpayments. The proposed rates—which would mean Medicare would pay
Two California doctors were convicted Thursday of lying about patients’ terminally ill status in order to refer them to a hospice facility and submit roughly $8.8 million in fraudulent Medicare and Medi-Cal claims. Sri Wijegoonaratna, 61, and Boyao Huang, M.D.
The CMS has dropped three payment rules that propose increased payments to skilled-nursing facilities, inpatient rehabilitation facilities and hospice care, and implemented new quality measures. The agency Thursday proposed nearly doubling the increase skilled-nursing facilities received last year. This
Much easier than robbing banks, email hackers are tricking home purchasers with last-minute changes to wiring instructions. The result is downpayment and closing funds are being diverted to the crooks’ account and potentially lost forever. The Federal Trade Commission is
SACRAMENTO, CA [BY MARTY OMOTO, CDCAN – LAST UPDATED 04/04/2016 09:35 AM] – Governor Brown, as expected, signed this morning in Los Angeles the landmark legislation that will raise the State’s minimum wage to $15 an hour by 2022 for businesses with