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Jun 262025 What Rehab Therapists Need to Know About the Rise in CMS and Commercial Audits John Wallace By John Wallace, PT, MS, FAPTA, chief compliance officer, WebPT. Federal audits targeting Centers for Medicare & Medicaid Services (CMS) reimbursements are intensifying, and rehab therapists are already feeling the impact. In the wake of public announcements about increased efforts to eliminate fraud, waste, and abuse in federal healthcare programs, both Medicare and commercial payers have significantly ramped up their auditing activities. Historically, audits of this kind disproportionately affected large practices. Today, however, even small and mid-sized clinics are receiving record requests…
WHO is consulting good for? Consultants, obviously. Chief executives, who can blame failure on bad outside advice and take credit for successful counsel. Also, for the industry’s one listed behemoth, its shareholders. Between the start of 2015 and the end of 2024, Accenture, which split off from its accounting sibling in 2000 and went public a year later, generated a total return (including dividends) of around 370 per cent, handily outdoing not just the S&P 500 index but also Goldman Sachs and Morgan Stanley, rival redoubts of advisory smugness. As America’s stock market climbed to an all-time high in February,…
TOKYO :SoftBank Group CEO Masayoshi Son said on Friday that he wants the investment group to become the biggest platform provider for “artificial super intelligence” within the next 10 years.”We want to become the organiser of the industry in the artificial super intelligence era,” Son told shareholders at the group’s annual shareholder meeting.Son likened his aim to the position of dominant technology platform providers such as Microsoft, Amazon and Alphabet’s Google, who benefit from a “winner takes all” dynamic.At previous public appearances Son has described artificial super intelligence as exceeding human capabilities by a factor of 10,000. The technology investment…
Published Fri, Jun 27, 2025 · 06:12 AM[NEW YORK] Wall Street stocks rose on Thursday with tech equities leading, after the White House signalled President Donald Trump could extend a July tariff deadline.The shift shows “unexpected flexibility from the US president,” said FHN Financial’s Chris Low, who also attributed some of the market’s strength to some strong economic indicators.The broad-based S&P 500 gained 0.8 per cent to 6,141.02, about three points shy of an all-time record.The Dow Jones Industrial Average climbed 0.9 per cent to 43,386.84, while the tech-rich Nasdaq Composite Index jumped 1.0 per cent to 20,167.91.The latest Trump indications on…
[LONDON] Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were in active merger talks. The announcement quells speculation that the UK’s two oil majors would end up combining, following several years of poor performance from BP and rising pressure from activist shareholder Elliot Investment Management. Shell’s statement means it is bound by the UK Takeover Code, largely preventing it from submitting an offer for BP for six months. “In response to recent media speculation, Shell wishes to clarify that it has not been actively considering making an…
US economy shrank 0.5% in first quarter on import surge ahead of tariffs, a downgrade of earlier estimates
New York Mets right-hander Griffin Canning left Thursday night’s game against Atlanta in the third inning after suffering a left ankle injury on a non-contact play.Canning struck out three and allowed just one baserunner — Eli White’s single leading off the inning — before he was hurt while breaking toward the left side of the infield on Nick Allen’s one-out grounder to shortstop.The 29-year-old Canning immediately began hopping on his right leg and took only a couple steps before dropping onto the field with his left leg elevated. Catcher Luis Torrens signaled for time and assistance before Allen was thrown…
LIV Golf tees off from Dallas on FOX on Thursday, and bettors are diving into the odds for this exciting event.At the top of the oddsboard is Jon Rahm at +450. The Spanish golfer has dazzled this year, finishing T9 or better in every LIV tourney this year.A close second, though, is Bryson DeChambeau at +500. The 31-year-old is vying for his fourth LIV Golf title. Based on the odds, Dallas could be the week that he adds another win to his resume.Further down the board are familiar names like Bubba Watson (+6000) and Phil Mickelson (+8000). Neither golfer has…
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty ImagesChina’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling short in boosting enterprises’ profitability.That marked the largest monthly decline since October last year, when the industrial profits dropped 10%.Cumulative profits at major industrial firms fell 1.1% in the first five months of 2025, compared to a year earlier, the data showed.Citibank earlier this week upgraded…
Published Fri, Jun 27, 2025 · 08:32 AM[TOKYO] Core consumer inflation in Japan’s capital slowed in June but stayed well above the central bank’s 2 per cent target, data showed on Friday, keeping alive market expectations for further interest rate hikes.The Tokyo consumer price index (CPI), which excludes volatile fresh food costs, rose 3.1 per cent in June from a year earlier, government data showed, compared with a median market forecast for a 3.3 per cent gain. It slowed from a 3.6 per cent increase in May.A separate index for Tokyo that strips away both fresh food and fuel costs…