M*Modal will file for bankruptcy in the next two weeks in order to restructure its $750 million in debt.
White House special adviser on health policy, Ezekiel Emanuel publishes a recap of the major political hurdles the Affordable Care Act had to jump on its way to becoming a law. One major issue he cites was with Medicare officials who pushed back on payment reform because it claimed that it did not have the computer infrastructure to support bundle payments.
The PE firm that owns Ability Network Inc. is shopping the company around for a rumored $500 million. Ability provides web-based CMS claims processing.