The banking industry led the pack with the biggest false claims settlements of the year, with Bank of America entering into a $16.65 billion settlement and JP Morgan Chase agreeing to a $614 million settlement.
The following two healthcare industry settlements made the list for the biggest settlements of 2014.
1. Baton Rouge, La.-based Amedisys, one of the country’s largest providers of home health services, and its affiliates agreed to pay $150 million to resolve allegations brought under the False Claims Act, Stark Law and the Anti-Kickback Statute.
3. Cincinnati, Ohio-based Omnicare — the nation’s largest provider of pharmaceuticals and pharmacy services to nursing homes — agreed to pay $124.24 million to settle allegations that it violated the False Claims Act and Anti-Kickback Statute.
More articles on healthcare industry lawsuits:
Easton Hospital settles False Claims Act lawsuit for $662k
Court dismisses patient record lawsuit against Henry Ford Health
Singing River Health System hit with class-action lawsuit over employee pensions
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
