Five things to know:
1. False Claims Act settlements and judgements hit nearly $2.69 billion for the fiscal year ending Sept. 30, according to the release.
2. More than $1.8 billion of those judgements and settlements involved the healthcare industry.
3. The $1.8 billion reflects recoveries arising only from federal losses, but the Justice Department was also instrumental in recovering additional funds for state Medicaid programs, according to the report.
4. The recoveries reflected the department’s key enforcement priorities that included fraud in pandemic relief programs and alleged violations of cybersecurity requirements in government contracts and grants, according to the report.
5. The total judgment and settlement amount was up from the $2.24 billion reported in 2022. That figure is down from $5.71 billion in 2021, which was the second-highest amount recovered in False Claims Act history.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
