Rep. Ted Poe (R-Texas) introduces H.R.1701, "Cutting Costly Codes Act of 2013," which would prohibit HHS from replacing ICD-9 with ICD-10. The bill has no co-sponsors and has been referred to the Committee on Energy and Commerce and the Committee on Ways and Means for further consideration.
In Q1, Nuance’s net income drops to $110.4 million, down from $138.8 million last year. EPS $0.34 vs $0.43. Shares dropped 19 percent by the close of trading Tuesday. The company also announced a $500 million share buyback plan today as hostile corporate takeover specialist Carl Icahn continues to build his stake in the company, which now stands at 10.7 percent.
A case study examining the 2012 Utah Department of Health data breach that compromised 780,000 individuals found that in 2010, one in 10 individuals who received a data breach notification became a victim of fraud, but that in 2012, that number jumped to one in four.
A bipartisan group of 67 senators sent a letter to President Obama asking that he take direct action in resolving the VA’s backlog of veteran disability claims.