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Ellie Mae DocMagic Come to Terms on Antitrust Settlement

Ellie Mae DocMagic Come to Terms on Antitrust Settlement

first_img in Government, Secondary Market, Servicing, Technology Ellie Mae, DocMagic Come to Terms on Antitrust Settlement Share After a three-year battle, “”Ellie Mae””:http://www.elliemae.com/ and software developer “”DocMagic””:https://www.docmagic.com/ reached a settlement over an antitrust suit, the companies announced jointly.[IMAGE]DocMagic first filed against Ellie Mae in August 2009, alleging “”antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage, and unfair competition,”” according to a company release sent out at the time. DocMagic also claimed Ellie Mae misused its intellectual property in Ellie Mae’s own Docs system.According to DocMagic, the company’s access to the ePASS network was terminated by Ellie Mae, which then “”subsequently took drastic steps to prevent its users from accessing DocMagic products through unfair and anti-competitive behavior,”” including the transferal of DocMagic users to Ellie Mae’s own loan document service.””These kinds of actions create unnecessary problems for our industry and the flow of business which only hurts the customers we serve, and our industry’s recovery,”” DocMagic CEO Dominic Iannitti said at the time.The settlement comes after months of negotiation between the two companies and will restore their previous relationship.””This settlement ends the legal disputes and renews the former relationship between the two companies, with DocMagic agreeing to make its services available to lenders through the Ellie Mae Network,”” the companies said in a joint release. “”This agreement will enable the companies to focus resources on innovation and on enhancing the experience available to our mutual customers.””center_img Agents & Brokers Attorneys & Title Companies DocMagic Ellie Mae Investors Lenders & Servicers Processing Service Providers 2012-10-11 Tory Barringer October 11, 2012 427 Views last_img read more

Administration Wants To Use ValueBased Care Models To Rescue Medicare But Their

Administration Wants To Use ValueBased Care Models To Rescue Medicare But Their

first_img In other Medicare news — Modern Healthcare: White House Puts Faith In Value-Based Pay Tweaks To Save Medicare  Simplifying value-based care models and lowering spending on care delivery are key focuses for the Trump administration as it looks to shore up the Medicare trust fund, according to a senior White House official. Earlier this year, the Trump administration revealed that the Medicare trust fund will be insolvent by 2026, three years earlier than last year’s estimate. Government officials have touted shifting more beneficiaries to value-based pay models rather than fee for service as a way to maintain the federal health program. (Dickson, 9/20) Administration Wants To Use Value-Based Care Models To Rescue Medicare, But Their Savings So Far Have Been Limited Part of the problem is that the real-life application of the models is far too complicated to analyze. But experts say if the government overhauls how models are developed they might save money. Modern Healthcare: RACs Seek To Regain Reviewing Privileges For Medicare Claims  Recovery Audit Contractors are hoping a new report on the hundreds of millions they’ve recovered for Medicare will cause the CMS to reverse course on its decision to limit the number of claims they can review. RACs recovered $473.92 million in improper payments in fiscal year 2016, according to a report issued Monday by the CMS. That number is up from $440.69 million in fiscal year 2015. (Dickson, 9/19) This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more