IBM and others see big profits in preventing financial and healthcare fraud

IBM has announced the creation of a fraud and financial crimes prevention business combining big data analytics, business acumen and data visualization.Ā  The global market for financial fraud detection well exceeds $8 billion per year and that is growing quickly. Hackers penetrated many major computer systems last year to the tune of millions.

Hospital pays Uncle Sam $8.5 million to settle kickback fraud case

Memorial Hospital in Ohio Pays Government $8.5 Million to Settle False Claims Act Allegations that it violated the False Claims Act, the Anti-Kickback Statute and the Stark Statute by engaging in improper financial relationships with referring physicians, the Justice Department announced today. "Improper financial relationships between health care providers and their referral sources can undermine...
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Diagnostic Laboratories pays $19.4 million for kickbacks to skilled nursing facilities

Diagnostic Laboratories and Radiology will pay $19.4 million to the federal government and State of California for allegations it provided kickbacks to skilled nursing facilities. The information was revealed by two former employees who became whistleblowers who also claim that they were fired from DLR after they reported the billing practices to the authorities. In the...
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Tenet Healthcare paid kickbacks to clinics referring undocumented Hispanic pregnant women says Uncle Sam

Tenant Healthcare and Health Management Associates paid hundreds of thousands of dollars to clinics to steer undocumented pregnant Hispanic women to their hospitals, then filed fraudulent Medicare claims for their care , according to an unsealed federal whistleblower complaint. The suit was originally filed by Ralph D. Williams, former Chief Financial Officer (CFO) at HEalth...
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U.S. files False Claims Act complaint against largest for-profit hospice chain Vitas Healthcare

The United States Department of Justice has filed suit against Vitas Hospice Services LLC and Vitas Healthcare Corporation alleging they submitted false billings to Medicare for hospice services for ineligible patients. In addition, the government alleges the companies billed for services that were not actually provided and focused on maximizing reimbursement and disregarded the...
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