The article about Pediatric Associates in CA has a nugget with a potentially outsized impact: the implication that VFC vaccines…
News 8/5/24
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Cano Health CEO Mark Kent provides a few post-bankruptcy updates, noting the company has achieved $280 million of its $290 million cost-transformation goal, and, correspondingly, that its employee headcount and footprint has decreased from 4,000 employees in 170 locations to 2,200 employees in 80 locations. The primary care company has now concentrated its services solely in Florida, where it is headquartered.
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A local news outlet highlights the problems Coastal Kids founder Steve Abelowitz, MD has experienced since going into business with private equity firm Summit Partners and its management company Pediatric Associate Holdings in December 2020. Abelowitz says PAH is directly responsible for a drop in support staff; inadequate training; improper care; putting privately-insured patients before publicly-insured patients so as to garner larger reimbursements; outsourcing the practice’s call center to a facility in Mexico, resulting in onerous wait times; and ultimately barring him from the property. He is currently suing the organizations for wrongful termination and defamation.
David Acosta Tirado launches telemedicine company Verte Healthcare to give patients in Puerto Rico easier access to healthcare.
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Masoud Nourmohammadi joins CareAbout Health as CTO.
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GI Alliance implements ModMed’s Klara patient collaboration software across its network of practices in 19 states.
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New data from HHS shows that 31 million patients were cared for at HRSA-funded health centers in 2023 – an increase of 2.7 million over the preceding three years.
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Kayal Orthopaedic Center founder, President, and CEO Robert Kayal, MD debuts “Mastering The Business of Medicine & The Doctor-Patient Relationship: From Solo Practice Entrepreneur To Orthopaedic Empire.” Kayal says he was inspired to write the book after seeing many physicians give up, change careers, or sell out to large healthcare companies because they didn’t have the needed business acumen to succeed on their own.
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The article about Pediatric Associates in CA has a nugget with a potentially outsized impact: the implication that VFC vaccines may have been used for private pay patients. If true, and not done properly (i.e., that VFC stock was replaced from their private stock), then there could be huge trouble for the practice, up to including fines, jail, and/or the loss of all their MediCal contracts, if experience is a guide. Let’s hope it isn’t true.