Maryland Man Convicted of $18.7M Medicare Fraud for Respiratory Testing Scheme Targeting Nursing Homes
A federal jury in the District of Maryland convicted a laboratory owner yesterday for taking advantage of nursing homes that needed COVID-19 tests during the pandemic and fraudulently billing Medicare more than $18 million for other expensive respiratory tests that nursing home residents did not need, physicians did not order, and, in many cases, were never performed.
What happened
A federal jury in the District of Maryland convicted a laboratory owner yesterday for taking advantage of nursing homes that needed COVID-19 tests during the pandemic and fraudulently billing Medicare more than $18 million for other expensive respiratory tests that nursing home residents did not need, physicians did not order, and, in many cases, were never performed.
Why it matters
The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Maryland Man Convicted of $18.7M Medicare Fraud for Respiratory Testing Scheme Targeting Nursing Homes ↗
Claims
- Maryland Man Convicted of $18.7M Medicare Fraud for Respiratory Testing Scheme Targeting Nursing Homes Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.