Jeffrey Terry was indicted in March after an investigation of charges that false claims had been submitted to Medicare and Oklahoma’s Medicaid program. Prosecutors claimed Mr. Terry submitted claims for medications that were never prescribed to patients in order to make a profit.
Mr. Terry pleaded guilty Aug. 12 to two counts of healthcare fraud and agreed to pay $338,000 to the Medicaid program and $753,000 to Medicare. He must also forfeit property and possessions.
A sentencing hearing for Mr. Terry will be held later this year.
More articles on pharmacy:
CMS to cover CAR-T therapy nationwide
Colombia fines Pfizer $25K for drug price inflation
Jefferson Healthcare opens retail specialty pharmacy
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
