On September 24, 2024, the Department of Health and Human Services Office of Inspector General (“OIG”) published a report (the “Report), reviewing and recommending increased oversight of remote patient monitoring (“RPM”) services and billing in the Medicare program. In the Report, OIG focused on three main issues: (1) Patients and providers are not using RPM as intended; (2) RPM presents an increased risk of fraud and abuse; and (3) there is a lack of information and transparency related to enrollees’ use of RPM. Read on for additional background with regards to the growing use of RPM by Medicare providers, these three OIG findings, additional recommendations, and how regulators may respond.

Vance Street Capital has announced an investment in Prince Sterilization Services. 

Prince, based in Fairfield Township, New Jersey, is a sterilization services provider primarily focused on the pharmaceutical, biotechnology, compounding pharmacy and medical device sectors.

Vance Street, based in Los Angeles, is a middle market private equity firm that invests in several sectors,…

O’Dell v. Berkshire Bank, 5:24-cv-00652 (N.D.N.Y.)

On October 31, 2024, the Northern District of New York dismissed a putative class action against Berkshire Bank (“Berkshire”) with prejudice.[1]

I. Facts

O’Dell involved the standard story of a Ponzi class action against a bank, in which investors lost money through a Ponzi scheme—perpetrated by a…

Francisco Partners (FP) has announced it will AdvancedMD from Global Payments.

AdvancedMD, founded in 1999 and based in South Jordan, Utah, is a cloud-based provider of medical office software.

FP, founded in 1999 and based in San Francisco, is a private equity firm that specializes in investments in technology and technology-enabled businesses.

Global…

Resurgens Technology Partners has invested in Movemedical, according to a news release.

Movemedical, founded in 2019 and is based in San Diego, is an enterprise software platform for medical device inventory management.

Resurgens, based in Atlanta, is private equity firm focused on investing in North American and select European lower middle market businesses with a…

Patient Square Capital will make a strategic investment in CorroHealth, according to a news release.

CorroHealth, founded in 2019 and based in Plano, Texas, is a provider of revenue cycle management solutions to health systems and health plans.

Patient Square, based in Menlo Park, Calif., is dedicated healthcare investment firm. Founded in…

Labeling litigation in the food and beverage space remains vigorous, especially in California.  To avoid becoming a party to such litigation, participants in the manufacturing and sale of consumer products must take care to ensure that their labeling and marketing of products is accurate and is not misleading as prohibited by various consumer protection statutes.  A recent opinion in a pending California action highlights the increase in “greenwashing” litigation – where plaintiffs claim that labels and marketing materials misrepresent the environmentally sustainable practices associated with a product.