DOJ Recovers $1.12 Billion in Healthcare Cases

In fiscal year 2008, the Justice Department recovered $1.12 billion from settlements and judgments involving various healthcare organizations that allegedly defrauded the government. Nearly 60% of the amount recovered this year came from pharmaceutical manufacturers and retailers. The department recovered large figures over the past two years as well. In fiscal year 2007, the Justice Department recovered $1.53 billion. That year, healthcare cases accounted for approximately 84% of the $1.34 billion that the department secured from fraud and False Claims Act actions, the majority of which were initiated by whistle-blowers. In fiscal year 2006, the department recovered $2.3 billion. Organizations that enter into settlements with the government generally assert in those agreements that the decision does not reflect any admission of wrongdoing or liability.

About the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.