Well, some of us have been waiting to see whether Medtrade would happen this year in person, and it turns out that, sadly, we won’t be seeing you in Atlanta, as the trade show announced yesterday it would go virtual.
We’re working to figure out how to bring you news about the latest in HME—stay tuned.
The Department of Justice (DOJ) announced this week it had charged 345 people in a national medical fraud enforcement effort. That included more than $4.5 billion in fraud linked to telemedicine schemes in which executives allegedly paid clinicians to order unnecessary durable medical equipment, drugs and tests without actually seeing patients properly; the DOJ said some DME companies bought those orders and filed false claims to Medicare and other insurers. The Centers for Medicaid & Medicare Services also revoked 256 other people’s Medicare billing privileges due to telemedicine fraud. You can see more here
Are you waiting to find out if your Paycheck Protection Program loan will be forgiven? The Treasury Department says it will start issuing forgiveness notices next week, according to the Wall Street Journal. The Small Business Administration has gotten close to 100,000 applications from businesses seeking forgiveness—or about 2% of all of the loans issued under the program to help companies survive COVID-19—but it’s been reported that none had yet been approved. There’s a federal FAQ about the loan forgiveness here
See you Monday!