KCI billing records subpoenaed
This article was originally published in The Gray Sheet
Executive Summary
Negative pressure wound therapy (NPWT) device maker Kinetic Concepts Inc. received a subpoena from the HHS Office of Inspector General in February regarding billing practices for its V.A.C. system at four regional durable medical equipment carriers, KCI disclosed in its annual report, filed with the Securities and Exchange Commission Feb. 26. The firm is in discussions with OIG regarding the scope of the subpoena and plans to cooperate. "The review is in its initial stages and we cannot predict the time frame in which it will be resolved," KCI said. OIG began investigating NPWT payment over-billing in 2005, released a report in 2007 and expects to publish another in 2009 (1"The Gray Sheet" Oct. 6, 2008, p. 9). "We do expect the government-led cost control efforts in the space to continue," J.P. Morgan analyst Michael Weinstein wrote in a Feb. 27 note
You may also be interested in...
HHS OIG Work Plan: FDA Oversight And DME, Inpatient Payments Make List
The Department of Health and Human Services Office of Inspector General 1outlined Oct. 1 more than 300 new and ongoing investigations on its to-do list for fiscal year 2009, including digging into how Medicare pays for durable medical equipment and examinations of hospital inpatient payments and FDA device oversight
Simplified Clinical Trial Transparency Rules To Go Live In The EU In June
A new version of the EU Clinical Trials Information System’s public portal will integrate the functionalities of the streamlined transparency rules.
Top-Selling Drugs 2023: Pharma’s $60bn COVID-19 Cliff
Pfizer/BioNTech’s COVID-19 vaccine Comirnaty toppled after recording the highest ever annual sales for a pharmaceutical in 2022, while Novo Nordisk’s Ozempic climbed rapidly. But Merck & Co’s immuno-oncology blockbuster Keytruda was secure in the number one spot in 2023 as COVID-19 receded.