Issue link: https://beckershealthcare.uberflip.com/i/1198635
21 DEVICES & IMPLANTS REQUEST A REVENUE CYCLE ASSESSMENT REVENUE CYCLE REDEFINING THE 2019 2019 866-948-7673 • nationalASCbilling.com REVENUE CYCLE MANAGEMENT | MANAGED CARE CONTRACTING | CODING | BUSINESS ANALYTICS | CONSULTING | TRANSCRIPTION THE ASC REVENUE CYCLE. It's all we do. It's all we think about. And it shows. Cleveland Clinic's top 3 medical innovations in orthopedics, spine By Rachel Popa C leveland Clinic released its list of top 10 medical innovations for 2020, including three related to orthopedics and spine: 1. A dual-acting osteoporosis drug, romosozumab, was recently approved by the FDA and provides bone strength. 2. Closed-loop spinal cord stimulation, which can help patients suffering from chronic pain. Implant- able devices allowing for closed-loop stimulation are creating better communication between the spinal cord and device, making the procedure more effective. 3. Biologics in orthopedic repair that are helping patients recover faster using natural substances, such as cells and blood components. n Life Spine, executives to settle FCA allegations for nearly $6M By Angie Stewart L ife Spine and two executives agreed to pay about $5.99 mil- lion to resolve the federal government's allegations that they violated the False Claims Act, Law360 reports. Most of the settlement — $5.5 million — will be paid by Life Spine. The remainder falls to Michael Butler, Life Spine's founder, president and CEO, and Richard Greiber, who serves as vice president of business development. The agreement settles a civil healthcare fraud lawsuit filed July 23 by the Manhattan U.S. Attorney, which accused Life Spine, Mr. Butler and Mr. Greiber of paying surgeons what amounted to millions of dollars in kickbacks to use the company's implants and equipment. The alleged payments came in the form of consulting fees, royalties and intellectual property acquisition fees, with the surgeons who received them accounting for about half of Life Spine's U.S. sales between 2012 and 2018, the government said. The lawsuit was brought by a private whistleblower before the gov- ernment intervened. n