Medicare civil penalties about to go up

On Feb. 26, the Senate passed changes that would double civil penalties to $20,000 per false Medicare claim and quadruple criminal penalties to $100,000, according to the Congressional Record. The changes also would increase the maximum criminal sentence from five to 10 years. The amendment was submitted by Sen. Mel Martinez (R-Fla.) as part of the Indian Health Care Improvement Act. The bill (S. 1200) was sent to the full Senate by the Indian Affairs Committee on Feb. 25 with Martinez's amendments and passed on Feb. 26 by an 83-10 vote. The bill will now go to the House of Representatives for consideration.

Reprinted from the March 3, 2008, REPORT ON MEDICARE COMPLIANCE.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians