Tag: Roche
Roche, Priority Healthcare settle for $43M
February 24, 2021HME News Staff
INDIANAPOLIS - Priority Healthcare Corp. has agreed to pay $43 million to Roche Diagnostics to settle allegations that it filed fraudulent claims for diabetes testing supplies.
In a lawsuit filed in September 2018, Roche, a manufacturer of diabetes testing supplies, says it paid $37.5 million in “unwarranted” rebates to insurance companies and their pharmacy benefit managers for claims submitted by PHC, a network of pharmacies in Mississippi, Alabama and Arkansas,...
Judge freezes assets in test strip rebate case
November 19, 2019HME News Staff
INDIANAPOLIS - A judge has granted a motion to freeze certain assets of Priority Healthcare Corp., the latest development in a lawsuit over “unwarranted rebates.”In a lawsuit filed in September 2018, Roche, a manufacturer of diabetes testing supplies, says it paid $37.5 million of “unwarranted” rebates to insurance companies and their pharmacy benefit managers for claims submitted by PHC between Jan. 1, 2013, and the end of the first quarter of 2018.This latest motion, issued...
Roche sues pharmacies, supply companies
March 31, 2017HME News Staff
INDIANAPOLIS - Roche Diagnostics and Roche Diabetes Care have filed a lawsuit in the U.S. District Court of Indianapolis, claiming they have wrongfully paid millions of dollars in rebates and lost millions of dollars in legitimate sales for blood glucose test strips at the hands of an alleged scheme by six pharmacies and medical supply companies. The lawsuit charges the pharmacies and medical supply companies with allegedly obtaining test strips from Roche that were intended for reimbursement under...
In brief: Philips buys pharmacy sleep services provider, Roche sues over alleged rebate scheme
March 31, 2017HME News Staff
AMSTERDAM, the Netherlands, and SYDNEY - Royal Philips has signed an agreement to buy Australian Pharmacy Sleep Services, in a move that the company says will accelerate its home sleep testing offering through the pharmacy channel in Australia.“With the addition of APSS to our sleep and respiratory care business in Australia, Philips will be able to provide better access to home sleep testing for those who need it, where and when they need it,” said Kevin Barrow, managing director at...
In brief: Liberty Medical vs. Medco, another fraud hearing
April 25, 2014HME News Staff
PORT ST. LUCIE, Fla. - Liberty Medical has filed a complaint with the U.S. Bankruptcy Court for the District of Delaware against Medco Health Solutions alleging that Medco engaged in “inequitable conduct” during Liberty management's buyout of Medco's then-subsidiary Polymedica, a transaction that included the Liberty business. Liberty's management alleges, among other things, that it was only after filling for bankruptcy that they learned that more than $42 million listed...
Roche turns around diabetes sales
April 23, 2014HME News Staff
NEW YORK - Roche Diagnostics saw North American diabetes sales of $112 million for the first quarter of 2014, a 13% increase over the same period a year ago, according to news reports. The company's sales of glucose monitors decreased 16% in 2013, mainly due to Medicare's national mail-order program for diabetes supplies, which resulted in a reimbursement cut of, on average, 72%. The program kicked of July 1, 2013. Roche tried unsuccessfully to sell its diabetes division last year.
In brief: Health spending 'on right track,' Medicare Advantage enrollment to grow
September 20, 2013HME News Staff
WASHINGTON - Growth in U.S. healthcare spending over the next 10 years will be modest in comparison to historical trends, according to a Sept. 18 report from the CMS Office of the Actuary. The report credits the Affordable Care Act (ACA) and decreased spending on prescription drugs and physician services with moderating health spending, even as health care becomes more accessible and more baby boomers enter the Medicare program. Among the report's key findings: Growth in healthcare spending is...
Report: Roche nixes plans to sell diabetes business
September 20, 2013HME News Staff
NEW YORK - Drugmaker Roche Holding AG is pulling back from plans to sell its blood glucose meter business, Reuters reports. In recent months, the Swiss company explored selling that segment of its business in the face of greater competition and lower reimbursement from Medicare and Medicaid. But that lower reimbursement has precluded a profitable sale, leading the company to hold onto the business, according to the news agency. Roche's decision follows a similar one by Bayer, which was unable...
Mail-order program forces Roche to cut jobs
August 5, 2013HME News Staff
INDIANAPOLIS - Roche, which has its North American headquarters here, will cut jobs in the next several months due to a 14% decline in revenues for the first six months of this year for its diabetes care business, according to an article in the Indianapolis Business Journal. “The U.S. diabetes care market is rapidly evolving, and Roche's diabetes care business in the U.S. is responding by making changes to its customer service and manufacturing operations, which includes the elimination of...
Mail order contracts: Expect big to get bigger
April 12, 2013Theresa Flaherty, Managing Editor
BALTIMORE - CMS released a list of 18 contract suppliers for the national mail-order program for diabetes supplies April 9, but it's a list that could look different when July 1 rolls around, say industry sources.“Several of the companies have been put up for sale, and we know of one or two that have already been sold,” said Tom Milam, an industry consultant and former provider.Right now, at one end of the spectrum are large and well-known companies like CCS Medical, which received more...