June 27, 2024 Customer Newsletter
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Telehealth Platform Turned Pill Mill
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Celebrate with Savings
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U.S. Med School Revenues Report
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Cyber Attacks on the U.S.
Done is Done: How Ruthia He Turned ADHD Telehealth Platform Into a Pill Mill
Between the FTC and the Justice Department expanding the Cerebral case to include other telehealth companies the principals were involved in, and the arrests at Ruthia, telehealth is taking a beating this month.
It’s probably a bad time to mention the Amazon ad I received about private consultations for sensitive medical conditions.
Telehealth can be a vital part of medical treatment, especially when patients have limited mobility, or an office visit is not required to discuss lab results or conduct follow-up. But some of the easy money in medicine is in controlling prescriptions, and that’s where too many of the overfunded telehealth VC startups are migrating.
The scattered insurance and reimbursement policies for telehealth, especially in mental health, aren’t helping.
Done is Done: How Ruthia He turned ADHD Telehealth Platform Done Into a Pill Mill
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AAMC U.S. Medical School Revenues ReportThe FY 2023 U.S. Medical School Revenues report is out. Total revenue is up 6.4%, primarily from hospital and practice revenue. The difference between ‘All Revenues’ and ‘Recorded Revenues’ between all organizations and public organizations is interesting, with non-public organizations primarily in affiliated plans. AAMC U.S. Medical School Revenues Report Preventing the Next Big Cyberattack on U.S. Health CareThe Change Healthcare hack in February, affecting the biggest payments processor in the nation, is projected to incur over $1.5 billion in costs. That’s just direct costs. The indirect costs in lost time and fixing books and records will be extensive too. Then there are the patient problems caused by knocking out half the country’s prior authorization and payment systems. It wasn’t a sophisticated attack, no matter what the various hearings and pronouncements have said. The hacking group pretended to be “with IT” and basically called around asking for login credentials. They got away with a $22 million ransom payment and 6 terabytes of patient data. There are a lot of lessons to be learned; perhaps the most important is why active connections, downloads, and data access weren’t controlled. In what world should a node in the gigantic insurance network be able to download one-third of the nation’s healthcare records? Most of the remediation has called for more oversight and centralization, which is exactly how we ended up here. But here you go, a four-month-later retrospective. Preventing the Next Big Cyberattack on U.S. Health Care - Harvard Business Review |