Tag: Liberty Medical
OIG finds a few overpayments, Liberty disagrees
August 22, 2018HME News Staff
PORT ST. LUCIE, Fla. - Liberty Medical mostly complied with Medicare requirements for inhalation drugs, according to a new report from the Office of Inspector General. The OIG sampled 100 claims and found 94 in compliance. Of the remaining six claims, the agency says Liberty did not provide medical records for four, and lacked proof of delivery for two, resulting in an overpayment of $2,408. As a result, the OIG estimated that Liberty received $47,5626 in overpayments and recommended that the provider...
In brief: Senators circulate letter, Liberty looks to sell
June 30, 2017HME News Staff
WASHINGTON - A letter urging HHS Secretary Tom Price to use regulatory authority to provide bid relief in non-bid areas is now circulating in the United States Senate.
The letter, which is spearheaded by Sens. John Thune, R-S.D., and Heidi Heitkamp, D-N.D., and also addressed to CMS Administrator Seema Verma, states: “We are concerned that CMS did not fully consider the costs of providing DME in non-competitively bid areas or the length of time needed by providers to adjust to the change.”
A...
Liberty Medical looks to sell assets
June 30, 2017Theresa Flaherty, Managing Editor
PORT ST. LUCIE, Fla. - Mail-order supplier Liberty Medical may close on deal next month to sell the majority of its assets.If the deal closes, the company will lay off 263 employees Aug. 27, according to a local news report. Among the affected positions: president, chief financial officer and director of human resources.Liberty has undergone much turmoil over the past few years. In December 2012, a group of Liberty executives bought the company from its parent company, Express Scripts. Two months...
Insulet sells Neighborhood Diabetes
February 24, 2016HME News Staff
BEDFORD, Mass. - Insulet Corp. has announced plans to sell Neighborhood Diabetes to Liberty Medical for $5 million. Insulet acquired Woburn, Mass.-based Neighborhood Diabetes for $63 million in 2011. "This transaction is an important step in positioning Insulet as a more focused organization, enabling us to direct our operational and financial resources toward driving continued growth of our innovative OmniPod and drug delivery products, while improving our financial profile for profitable growth...
Liberty settles with CMS
October 28, 2014HME News Staff
PORT ST. LUCIE, Fla. - Liberty Medical Supply has agreed to settle a $160 million claim with Medicare, according to news reports.The agreement, reached Friday, means Liberty will pay CMS nearly $32 million, according to an article on Law360.The agreement should make it easier for Liberty, which filed for Chapter 11 bankruptcy in February 2013, to position its assets for sale to a third party buyer.In February of this year, bankruptcy judge Peter Walsh disallowed several whistleblower claims, which...
Liberty files complaint against Medco
April 23, 2014HME News Staff
PORT ST. LUCIE, Fla. - Liberty Medical has filed a complaint with the U.S. Bankruptcy Court for the District of Delaware against Medco Health Solutions alleging that Medco engaged in “inequitable conduct” during Liberty management's buyout of Medco's then-subsidiary Polymedica, a transaction that included the Liberty business.Liberty's management alleges, among other things, that it was only after filling for bankruptcy that they learned that more than $42 million listed in accounts receivables...
Judge rules against whistleblowers in Liberty case
February 12, 2014HME News Staff
WILMINGTON, Del. - A bankruptcy judge has disallowed several whistleblower claims in Liberty Medical Supply's Chapter 11 bankruptcy case.Former employees Deborah Loveland and Lucas Matheny had alleged that Liberty received millions in overpayments from Medicare and Medicaid, which it never repaid, and covered up it all up by tampering with data, according to Law360.U.S. Bankruptcy Judge Peter Walsh ruled that Loveland and Matheny provided no proof of a false record or statement, no proof that Liberty...
Arriva buys rival company
November 8, 2013Theresa Flaherty, Managing Editor
CORAL SPRINGS, Fla. - Arriva Medical may have finally arrived at the top of the heap in the mail-order market for diabetes supplies.
The provider, a contract supplier for Medicare's national mail-order program, has acquired Nashville-based Simplex Healthcare, the parent company of Diabetes Care Club, also a contract supplier.
“They've been on a buying binge over the past two years and they are doing a great job of scaling their business,” said Jonathan Sadock, managing partner/CEO...
In brief: Liberty files for bankruptcy, lawmakers push for MPP score
February 22, 2013HME News Staff
PORT ST. LUCIE, Fla. - Just months after a group of company execs bought Liberty Medical from its parent company, they filed for Chapter 11 bankruptcy on Feb. 15, according to news reports. In its filing, Liberty Medical cites between $100 million and $500 million in both assets and liabilities, and between 1,000 and 5,000 employees. It lists several unsecured creditors with disputed claims, including CGS Administrators, a Medicare claims processor, for $137.2 million; and its former owner Medco...
Liberty Medical liberates itself
January 4, 2013Theresa Flaherty, Managing Editor
PORT ST. LUCIE, Fla. - It may have come as a shock to many when Liberty Medical in December exited the Medicare fee-for-service diabetes supply business, but there was some behind-the-scenes movement leading up to that decision.
In December, a group of Liberty executives bought the company from its parent company, pharmacy benefit giant Express Scripts, which inherited Liberty as part of a $29 billion merger with Medco Health Solutions. From the get-go, Express Scripts made it clear that it had...