Galipolo: No payment company can operate without authorization

Galipolo: No payment company can operate without authorization

Blue Cross and Blue Shield of Texas has announced changes to prior authorization requirements for some commercial members, effective October 1, 2025. These changes are based on updates from utilization management prior authorization assessments, Current Procedural Terminology (CPT®) code changes released by the American Medical Association, and Healthcare Common Procedure Coding System code changes from the Centers for Medicaid & Medicare Services [1].

Key Changes:
- Removal of Deactivation of Headache Trigger Codes: The company will no longer deactivate certain headache trigger codes reviewed by Blue Cross and Blue Shield of Texas.
- Eligibility and Benefits Check: Before rendering services, providers are advised to check eligibility and benefits through Availity® Essentials or their preferred vendor. This step will confirm prior authorization requirements and utilization management vendors, if applicable.
- Payment Guarantee: Checking eligibility and/or benefit information and/or obtaining prior authorization does not guarantee payment. Benefits will be determined once a claim is received and will be based on the member's eligibility and the terms of their coverage contract or guide.

Important Note: Services performed without required prior authorization or that do not meet medical necessity criteria may be denied for payment, and the rendering provider may not seek reimbursement from the member. For more information, providers should refer to prior authorization lists in utilization management.

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Stardust Power Inc. Approves 1-for-10 Reverse Stock Split

Stardust Power Inc. has approved a 1-for-10 reverse stock split of its common stock, effective September 8, 2025. This move aims to enhance compliance with Nasdaq listing requirements and attract institutional investors [2].

Key Details:
- Reverse Stock Split Ratio: 1-for-10
- Effective Date: September 8, 2025
- Outstanding Shares: Approximately 8.5 million after the split
- Par Value: $0.0001 per share

Potential Impacts:
- Positive: The reverse stock split may strengthen the company's credibility with institutional investors, potentially enhancing shareholder value and liquidity.
- Negative: The need for a reverse stock split could indicate financial instability, potentially deterring some investors.

Insider Trading Activity:
In the past six months, insiders have traded Stardust Power stock 13 times, with all trades being sales [2].

Analyst Ratings:
Wall Street analysts have issued buy ratings on Stardust Power stock, with no sell ratings in the past several months [2].

Looking Ahead:
Stardust Power expects to deliver several important milestones, including the completion of its Front-End Loading (FEL) 3 engineering work, advancement and completion of permitting, securing project financing for the CAPEX buildout of Phase 1, and ultimately commencing heavy construction on the Muskogee, Oklahoma lithium processing facility [2].

References:
[1] https://www.bcbstx.com/provider/education/education/news/2025/9-02-2025-prior-authorization-changes-for-some-commercial-and-government-program-members
[2] https://www.quiverquant.com/news/Stardust+Power+Inc.+Approves+1-for-10+Reverse+Stock+Split+to+Enhance+Compliance+with+Nasdaq+Listing+Requirements