Practice Management News

The health care diagnostics company LabCorp announced that “unauthorized activity” occurred on the webpage of American Medical Collection Agency, LabCorp’s external collection agency, impacting up to 7.7 million patients.

KIAWAH ISLAND, S.C. — At the Kiawah Eye meeting here, Jim Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec, discusses a new meeting in which he is participating about private equity in ophthalmology that will take place just before the OSN New York meeting.

KIAWAH ISLAND, S.C. — At the Kiawah Eye meeting here, Connor Ericksen, MD, discusses a study examining the amount of time ophthalmologists spend entering information into their electronic medical record systems during patient consultations.

Given the frenzy over private equity that’s emerged over the past several years, many practices are at least considering a sale. One of the first questions asked is around figuring out how much the practice is worth. The answers to this are complex and involve more than calculating the free cash flow (normalized EBITDA) of the enterprise. Once that number is determined, the next question is, “How can we improve it?” as the math of PE becomes crystal clear. Every extra dollar of profit can mean anywhere from 4 dollars to 10 dollars of value in a transaction.

To the Editor:

Burnout has been added to the 11th revision of the International Classification of Diseases as a legitimate medical syndrome, according to a news release.

In March 2013, Michael H. Rotberg, MD, was diagnosed with thymic carcinoma, a rare form of cancer arising from the thymus gland, forcing him to leave his North Carolina ophthalmology practice indefinitely.

Oklahoma governor Kevin Stitt approved legislation on May 21 that will allow optometrists to practice within retail establishments.

WASHINGTON — The FDA’s Office of Prescription Drug Promotion uses many methods to assess the validity of a potential medication’s print advertising, labels and other such materials for a particular medication before the agency can clear the materials for public marketing, an employee within the agency’s office that oversees that variable process said.

WASHINGTON — Federal regulations regarding data privacy and collection may lead to the United States falling behind countries like China in developing artificial intelligence and neural networks for healthcare, a speaker said here.