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Theranos Inc. (/ ˈ θ ɛr. ə n. oʊ s /) was an American privately held corporation [5] that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $9 billion valuation at its peak in 2013 and 2014.
An investigation of delays in treatment throughout the Veterans Health Administration system is being conducted by the Veterans Affairs Office of the Inspector General, [2] [3] [4] and the House has passed legislation to fund a $1 million criminal investigation by the Justice Department. [5]
Health care fraud includes "snake oil" marketing, health insurance fraud, drug fraud, and medical fraud. Health insurance fraud occurs when a company or an individual defrauds an insurer or government health care program, such as Medicare (United States) or equivalent State programs. The manner in which this is done varies, and persons engaging ...
Some people think using artificial intelligence for so-called "prior authorizations" in the healthcare industry has become too excessive, fuelling public anger at insurance companies. "That's ...
Health insurance industry officials remain uncharacteristically reserved in the aftermath of the fatal shooting of UnitedHealthcare CEO Brian Thompson on Dec. 4.. A week after the attack, the ...
A leaked video of UnitedHealth CEO Andrew Witty defending claim denials after Brian Thompson’s murder has sparked backlash. Critics argue the policy contributes to medical bankruptcies and lives ...
Barbara Robb documented her difficult personal experience of being treated at Ely Hospital. She wrote the book Sans Everything and she used this to launch a campaign to improve or close long stay facilities. Shortly after, a long stay hospital for mentally disabled people in Cardiff was exposed by a nurse writing to the News of the World. This ...
Inspectors, called surveyors, comb through patient records and conduct interviews to make sure that the extensive set of rules is followed. Until 1987, the system of sanctions was also essentially the same. The only enforcement mechanism to punish an offending nursing home was decertification, revoking a license.