Tag: IDS
VirtuOx buys Instant Diagnostic Systems
August 17, 2018HME News Staff
CORAL SPRINGS, Fla. - VirtuOx, an independent testing facility specializing in at-home testing for sleep disorders and respiratory diseases, has acquired Decatur, Ala.-based Instant Diagnostic Systems. The deal allows VirtuOx to grow strategically in the lab services sector. “This is an ideal acquisition for us,” said Steven Lica, CEO of VirtuOx. “Not only do we increase our POX testing and HST testing platform, but we have also gained a valuable and experienced team with IDS, a...
In brief: MACs miss standards, health spending stays low
January 10, 2014HME News Staff
BALTIMORE - Medicare Administrative Contractors (MACs) failed to meet one-quarter of CMS's performance standards, according to a new report from the Office of Inspector General (OIG). “Given the billion of dollars awarded to Medicare Administrative Contractors and the critical role they play in administering the Medicare program, effective oversight of performance is important to ensure that they are adequately processing claims,” the OIG states. The OIG based its findings on a performance...