Healthcare Finance News February 26, 2024
Overall, healthcare fraud was responsible for two-thirds of the recovered amount in 2023.
Settlements and judgments under the False Claims Act exceeded $2.68 billion in the fiscal year ending Sept. 30, 2023, and of that total, more than $1.8 billion related to matters that involved the healthcare industry – including managed care providers, hospitals, pharmacies, laboratories, long-term acute care facilities and physicians.
According to the U.S. Department of Justice, the government and whistleblowers were party to 543 settlements and judgments, the highest number of settlements and judgments in a single year. Recoveries since 1986, when Congress substantially strengthened the civil False Claims Act, now total more than $75 billion.
The amounts included in the $1.8 billion reflect recoveries arising only...
Today's Sponsors
Today's Sponsor