Medical devicemaker settles for $14.5M in country mix-up case

Medical device company Coloplast agreed to settle a U.S. lawsuit for $14.5 million after it self-reported a failure to offer contractual discounts and documented incorrect countries of origin for some products. 

Advertisement

The settlement involves claims of Denmark-based Coloplast violating the Trade Agreements Act and the Price Reduction Clause and overbilling the Department of Veterans Affairs for some medical products, according to a Dec. 12 news release from the Justice Department. 

Coloplast self-disclosed that it reported incorrect countries of origin for multiple products and some of them remained on its contract with the VA after switching manufacturing locations to non­designated countries. 

“We cannot overlook the great potential for harm when a company provides products from non-compliant countries,” U.S. Attorney Matthew Graves said in a statement.

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.

Register to Attend Webinar

From fragmentation to operational flow: Solving the healthcare workforce puzzle

Tuesday, August 11
1:00 PM - 2:00 PM CDT

Presenters: Dr. Pat Hunt, QGendaAndrea Daugherty, MHA, CISSP, CHCIO, CDH-E, Arrowhead Regional Medical CenterElizabeth Lindsay-Wood, MBA, CHCIO, CDH-E, Moffitt Cancer CenterDeb Muro, El Camino HealthJohn Tejeda, D.H.A., MLS, MPAS, DFAAPA, LSSBB, FACHE, Vascular and Neuroscience Institute

Advertisement

Next Up in Supply Chain

Advertisement

Comments are closed.