BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Court Overturns Fresenius Medical Care's $83 Million Medicare Fraud Loss


10/12/2012 9:05:01 AM

A federal appeals court says there was no evidence that Fresenius submitted false claims to Medicare, overturning a $82.6 million whistleblower suit brought by former employees. The U.S. 6th Circuit Court of Appeals dismissed a $82.6 million judgment against Fresenius (NYSE:FMS) Medical Care Holdings, finding that the company did not violate Medicare's rules concerning dialysis claims. Renal Care Group, which was acquired by German-owned Fresenius in 2005, was accused of improperly billing the Medicare program for home dialysis supplies and equipment between 1999 and 2005 and was ordered to pay $82.6 million in damages. In 2010 Fresenius appealed that decision and said Renal Care Group had done nothing wrong. Last Friday, a 3-judge panel reversed a lower court's ruling againt the medical device maker, and Judge Guy Cook wrote that Fresenius did not act with "reckless disregard of legal mandates."

Read at MassDevice
Read at News Release

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES