The former CFO of a Long Beach hospital in California, two orthopedic surgeons and two others have been charged in relation to a $600 million fraudulent billings scheme involving illegal referrals of thousands of patients for spinal surgeries.
Read MoreYesterday we reported that Allergan and Pfizer were in early talks of a potential mega-merger. Well today, a subsidiary of multibillion-dollar international pharmaceuticals company Allergan has agreed to plead guilty to a felony charge of health care fraud and agreed to pay $125M, prosecutors announced Thursday. A former company president was arrested.
Read MoreStealing health records is more valuable than financial records since financial data becomes worthless immediately after the customer detects the fraud and cancels their card. Information contained in health records on the other hand, has a much longer life.
Read MoreNew York-Presbyterian Hospital and Columbia University Medical Center together paid the largest HIPAA settlement of $4.8 million after the electronic protected health information of 6,800 patients ended up on Google back in 2010.
Read MoreSome doctors argue that they may need to vary their advised standards in order to benefit a particular patient. However, too many physicians do not follow accepted standards, due to not having adequate knowledge of the norms.
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