DAILY UPDATE: HHS Cuts Jobs as US Stocks Slip

MEDICAL EXECUTIVE-POST TODAY’S NEWSLETTER BRIEFING

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CITE: https://www.r2library.com/Resource

Health and Human Services Secretary Robert F. Kennedy Jr. is expected to announce 10,000 employees will be cut, the Wall Street Journal reported today—the latest round of layoffs in the Trump administration’s push to slash the size of the federal workforce.

CITE: https://tinyurl.com/2h47urt5

US stocks slid lower on Thursday after President Trump pushed ahead with hefty new tariffs on auto imports, stoking concerns about a potential full-on trade war and global economic harm. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) fell just over 0.3% on the heels of a losing day for the major gauges. The tech-heavy NASDAQ Composite (^IXIC) led the losses, falling more than 0.5%.

CITE: https://tinyurl.com/tj8smmes

Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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HOSPITAL: Price Transparency Improved by Executive Order

BREAKING NEWS

By Staff Reporters

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WASHINGTON, Feb 25 (Reuters)U.S. President Donald Trump signed an executive order on Tuesday aiming to improve price transparency on healthcare costs by directing federal agencies to strictly enforce a 2019 order he signed during his first term.

The order directs the Departments of the Treasury, Labor, and Health and Human Services to within 90 days come up with a framework to enforce Trump’s 2019 executive order forcing health insurers and hospitals to disclose healthcare cost details.

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This includes requiring the disclosure of actual prices not estimates, update existing guidance or proposing new regulations that ensure price information is standardized, and updating or issuing enforcement policies that guarantee compliance.

“You’re not allowed to even talk about it when you’re going to a hospital or see a doctor. And this allows you to go out and talk about it,” Trump told reporters as he signed the order. “It’s been unpopular in some circles because people make less money, but it’s great for the patient.”

Cite: https://pubmed.ncbi.nlm.nih.gov/22239329/

More: https://medicalexecutivepost.com/2023/01/19/podcast-sage-transparency-on-hospital-prices/

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HACKED: Peachtree Orthopedics Medical Practice

ATLANTA, GEORGIA

By Staff Reporters

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A large orthopedic practice in Atlanta notified patients last week of a data breach. In a letter to patients, Peachtree Orthopedics warns personal information may have been exposed during an incident in April, 2023.

From April 14th to April 20th an unauthorized party gained access to the company’s network, and that information potentially impacted included patients’ “address, date of birth, driver’s license number, Social Security number, medical treatment/ diagnosis information, treatment cost and other financial and related information

This is the third hack Peachtree Orthopedics has reported to the U.S. Department of Health and Human Services (HHS) in the last seven years, according to federal data. According to HHS, this breach is impacting 34,691 patients.

LINK: https://ocrportal.hhs.gov/ocr/breach/breach_report.jsf

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ADVISORY OPINION: Allows Nurse Practitioner Support in Hospitals

NURSE PRACTITIONERS [NPs]

By Health Capital Consultants, LLC

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Advisory Opinion Allows Nurse Practitioner Support in Hospitals

On December 19, 2022, the Department of Health and Human Services (HHS) Office of Inspector General (OIG) published Advisory Opinion (AO) No. 22-20, analyzing the utilization of nurse practitioners (NPs) in lieu of attending physicians within medical units. The OIG concluded that the arrangement utilizing NPs in certain medical units, subject to several safeguards, presented a low risk for fraud or abuse.

CITE: https://www.r2library.com/Resource/Title/0826102549

As noted by legal experts, this AO deviates from OIG’s typical approach to limiting arrangements involving potential remuneration from a hospital to its referring physicians. (Read more…)

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