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Qui Tam
: Whistleblower Law BlogStryker Corp and Physiotheray Associates pay $16 million to settle qui tam claims
By Brian F. LaBovick
Stryker Corp and Physiotherapy Associates have agreed to pay $16 million to settle qui tam allegations on submitting false claims to Medicare and other Federal health programs, according to the Department of Justice. Stryker Corp sold its outpatient therapy division, Physiotherapy Associates in June 2007.
The settlement resolves allegations that Physiotherapy, submitted claims for services to Medicare, state Medicaid programs, and the Department of Defense's TRICARE program that were falsely billed as one-on-one services and that Physiotherapy improperly retained excess or duplicate payments it received from federal health care programs. Under the terms of the settlement, Physiotherapy agreed also to enter into a corporate integrity agreement with the Office of Inspector General for the Department of Health and Human Services.
Stryker Corp stock closed at $70.78 yesterday, with shares being down $.09 or .13% from previously trading.
To read more about this settlement from the Department of Justice, Click here.
Full post as published by Whistleblower Law Blog on November 15, 2007 (boomark / email).
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