Healthcare Industry News: CMS
News Release - August 26, 2016
Theranos to Appeal CMS Sanctions
PALO ALTO, Calif., Aug. 25, 2016 -- (Healthcare Sales & Marketing Network) -- Theranos, a health technology company, said today that it has filed a notice of intent to appeal the sanctions that the Centers for Medicare and Medicaid Services (CMS) imposed last month on the company's Newark, California lab.Theranos is not conducting patient testing at its Newark facility. In addition, since CMS originally announced the imposition of sanctions, Theranos has made substantial progress toward correcting the deficiencies CMS identified, including appointing new laboratory leadership; enhancing Theranos' clinical policies and procedures; and revamping training programs.
While the appeal is pending, Theranos intends to continue communicating with CMS regarding the possibility of reaching a mutually agreeable resolution to this matter.
About Theranos
Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. Theranos' mission is to make actionable information accessible to everyone at the time it matters most. Theranos is working to facilitate the early detection and prevention of disease and to empower people everywhere to live their best lives. Theranos offers lab tests in convenient locations in its Wellness Centers in Arizona.
Source: Theranos
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