FFS

New Research From Inovalon and Harvard Analyzes Medicare Advantage Plan Design Impact on Healthcare Utilization and Health Equity

Retrieved on: 
Monday, April 8, 2024

The findings, published in the white paper " The Importance of Plan Design in Medicare Advantage ," represent the fourth installment of Inovalon’s and Harvard Medical School’s research collaboration to understand the underlying factors influencing enrollment, quality outcomes, and utilization in MA vs. FFS Medicare.

Key Points: 
  • The findings, published in the white paper " The Importance of Plan Design in Medicare Advantage ," represent the fourth installment of Inovalon’s and Harvard Medical School’s research collaboration to understand the underlying factors influencing enrollment, quality outcomes, and utilization in MA vs. FFS Medicare.
  • Previous research found that MA delivers superior quality outcomes and utilization reductions compared to FFS Medicare, even after controlling for differences in who enrolls.
  • However, until now, there was limited data on the differences within MA, and how specific MA plan designs and features impact outcomes.
  • "By understanding the populations Medicare Advantage plans attract, policymakers and health plans can come together to incentivize and deliver superior, cost-effective outcomes for every Medicare enrollee."

The Oncology Institute Reports Fourth Quarter and Full Year 2023 Financial Results and Guidance for 2024

Retrieved on: 
Wednesday, March 27, 2024

Consolidated revenue for Q4 2023 was $86 million, an increase of 20.1% compared to Q4 2022, and a 4.6% increase compared to Q3 2023.

Key Points: 
  • Consolidated revenue for Q4 2023 was $86 million, an increase of 20.1% compared to Q4 2022, and a 4.6% increase compared to Q3 2023.
  • Gross profit in Q4 2023 was $14 million, a decrease of 8.0% compared to Q4 2022.
  • Gross profit is calculated by subtracting direct costs of patient services, dispensary, and clinical trials and other from consolidated revenues.
  • TOI will host a conference call on Wednesday, March 27, 2024 at 5:00 p.m. (Eastern Time) to discuss fourth quarter and full year results and management’s outlook for future financial and operational performance.

Availity Responds to CMS Interoperability and Prior Authorization Final Rule with Advanced Solutions for Healthcare Interoperability

Retrieved on: 
Wednesday, March 27, 2024

The Final Rule aims to enhance interoperability and streamline the prior authorization process by mandating certain health plans to implement specific Health Level Seven International® (HL7®) Fast Healthcare Interoperability Resources (FHIR®) APIs.

Key Points: 
  • The Final Rule aims to enhance interoperability and streamline the prior authorization process by mandating certain health plans to implement specific Health Level Seven International® (HL7®) Fast Healthcare Interoperability Resources (FHIR®) APIs.
  • The Final Rule requires health plans to support a FHIR API for prior authorization by Jan. 1, 2027.
  • The Final Rule requires provider organizations to attest to utilizing a Prior Authorization API to submit at least one authorization request in 2027.
  • Providers will be able to connect to Availity to access the Prior Authorization API for multiple payers.

German manufacturer Karcher opens regional distribution centre at Tatu City, Kenya

Retrieved on: 
Wednesday, March 27, 2024

TATU CITY, Kenya, March 27, 2024 /PRNewswire/ -- German-based cleaning equipment manufacturer Karcher has announced an approximate €3 million investment in the Kenyan market. The move was made to operationalize the business into a full subsidiary, which includes a regional distribution centre at Freight Forwarders Solutions (FFS) in Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi's doorstep, positioning Kenya as a hub for East Africa.

Key Points: 
  • TATU CITY, Kenya, March 27, 2024 /PRNewswire/ -- German-based cleaning equipment manufacturer Karcher has announced an approximate €3 million investment in the Kenyan market.
  • By establishing Kenya as our regional hub, we are reducing lead times and enhancing responsiveness, ensuring prompt service and satisfaction for our clients."
  • Stephen Jennings, Founder & CEO of Rendeavour, the owner and developer of Tatu City, added, "Karcher joins the ranks of many leading global brands at Tatu City SEZ.
  • The company that provides warehouse operations for Karcher in Kenya, FFS, has an international-standard logistics and distribution hub in Tatu Industrial Park.

German manufacturer Karcher opens regional distribution centre at Tatu City, Kenya

Retrieved on: 
Wednesday, March 27, 2024

TATU CITY, Kenya, March 27, 2024 /PRNewswire/ -- German-based cleaning equipment manufacturer Karcher has announced an approximate €3 million investment in the Kenyan market. The move was made to operationalize the business into a full subsidiary, which includes a regional distribution centre at Freight Forwarders Solutions (FFS) in Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) on Nairobi's doorstep, positioning Kenya as a hub for East Africa.

Key Points: 
  • TATU CITY, Kenya, March 27, 2024 /PRNewswire/ -- German-based cleaning equipment manufacturer Karcher has announced an approximate €3 million investment in the Kenyan market.
  • By establishing Kenya as our regional hub, we are reducing lead times and enhancing responsiveness, ensuring prompt service and satisfaction for our clients."
  • Stephen Jennings, Founder & CEO of Rendeavour, the owner and developer of Tatu City, added, "Karcher joins the ranks of many leading global brands at Tatu City SEZ.
  • The company that provides warehouse operations for Karcher in Kenya, FFS, has an international-standard logistics and distribution hub in Tatu Industrial Park.

First full flight simulator with gaming-engine-powered CAE Prodigy image generator achieves level D qualification

Retrieved on: 
Tuesday, March 26, 2024

MONTREAL, March 26, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE today announced that it is the first leading aviation simulation and training organization to seamlessly integrate a gaming engine into its full-flight simulator (FFS) visual system and achieve level D qualification*, the highest level of qualification for a FFS.

Key Points: 
  • MONTREAL, March 26, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE today announced that it is the first leading aviation simulation and training organization to seamlessly integrate a gaming engine into its full-flight simulator (FFS) visual system and achieve level D qualification*, the highest level of qualification for a FFS.
  • "With CAE Prodigy, CAE continues to position itself as a leader in the adoption of new technologies to support its customers and advance aviation safety."
  • CAE Prodigy builds on the proven features of CAE's existing family of visual systems, while leveraging Unreal Engine's innovative rendering techniques to deliver a highly optimized and flexible Image Generator solution.
  • A level D simulator fidelity is at such high level that pilots transitioning to a new aircraft can perform all their training in the simulator instead of the aircraft.

WELL Health Applauds Improvements in Reimbursement Recently Announced from Key Provinces and Speaks to Improvements in Organic Growth in its Primary Care Business

Retrieved on: 
Monday, March 25, 2024

WELL Health applauds recent actions by the provinces of Ontario, Alberta, and Manitoba to increase reimbursement rates affecting primary care, specialized care, and diagnostic consultation codes.

Key Points: 
  • WELL Health applauds recent actions by the provinces of Ontario, Alberta, and Manitoba to increase reimbursement rates affecting primary care, specialized care, and diagnostic consultation codes.
  • WELL has provided more detailed disclosure of its organic growth between same clinic vs. absorption growth over the past year, demonstrating 15.6% organic growth overall in WELL's Canadian primary care business boosted by clinic absorptions.
  • In a significant move towards bolstering the healthcare system, the Provinces of Ontario, Alberta, and Manitoba have announced increases in reimbursement rates for primary care, specialized care, and diagnostic consultation codes.
  • This follows last year's innovative Longitudinal Family Practice (LFP) reimbursement methodology implemented by British Columbia which was designed to boost funding for primary care physicians.

CMS awards Noridian Medicare DME contract for third time

Retrieved on: 
Tuesday, March 5, 2024

FARGO, N.D., March 05, 2024 (GLOBE NEWSWIRE) -- Noridian Healthcare Solutions, LLC (Noridian) , a leader in developing solutions for federal, state and commercial health care programs, proudly announces the re-award of the Durable Medical Equipment (DME) Medicare Jurisdiction D (JD) contract.

Key Points: 
  • FARGO, N.D., March 05, 2024 (GLOBE NEWSWIRE) -- Noridian Healthcare Solutions, LLC (Noridian) , a leader in developing solutions for federal, state and commercial health care programs, proudly announces the re-award of the Durable Medical Equipment (DME) Medicare Jurisdiction D (JD) contract.
  • The Centers for Medicare & Medicaid Services (CMS) recently re-awarded Noridian the $152.8 million contract, concluding a full-and-open competitive procurement.
  • Territories, Noridian processes more than 13 million fee-for-service (FFS) claims for nearly 25,000 DME suppliers, resulting in $2.6 billion in payments for the JD contract.
  • For nearly two decades, Noridian has diligently served the suppliers and beneficiaries of JD,” said Noridian president and CEO Jon Bogenreif.

TRU Simulation Reveals Cutting-Edge Veris VR Flight Simulator as New Cost-Effective Training Solution for Pilots

Retrieved on: 
Tuesday, February 27, 2024

TRU Simulation announced today a new, cutting-edge Veris™ Virtual Reality (VR) Flight Simulator that provides helicopter and fixed-wing model customers with a more cost-effective and innovative solution to accomplish pilot training.

Key Points: 
  • TRU Simulation announced today a new, cutting-edge Veris™ Virtual Reality (VR) Flight Simulator that provides helicopter and fixed-wing model customers with a more cost-effective and innovative solution to accomplish pilot training.
  • The Veris offers the benefits of a full flight simulator experience in a compact, cost-effective and pioneering design," said Jerry Messaris, vice president and general manager, TRU Simulation.
  • The Veris VR Flight Simulator is designed to meet both FAA flight training device level 7 and EASA flight training device level 3 standards.
  • The Veris offers state-of-the-art simulator components, including:
    TRU Simulation is an industry leader in developing advanced, high-fidelity full flight simulators and flight training devices.

Global Industrial Sacks Market Outlook & Forecast 2024-2029 - Growing Demand for Lightweight Products and Increased Focus on Sustainable Packaging - ResearchAndMarkets.com

Retrieved on: 
Monday, February 19, 2024

Innovation has been and continues to be a key growth driver in the global industrial sacks market.

Key Points: 
  • Innovation has been and continues to be a key growth driver in the global industrial sacks market.
  • Major global industrial sacks market vendors, such as Mondi PLC and BillerudKorsnas, made significant innovative contributions through their creative sack products.
  • The global industrial sacks market by sack types is segmented into WPP non-laminated, paper sacks, WPP laminated, FFS sacks, and other plastic sacks.
  • The demand for industrial sacks packaging in the food and industrial secondary/tertiary packaging is expected to fuel market growth during the forecast period.