Investigation into WellCare limited to Florida
Patient Financial Services Weekly Advisor, January 4, 2008
The government's investigation into healthcare insurance giant WellCare Health Plans Inc. is limited to its Florida unit, an analyst told the Associated Press yesterday.
Government officials raided the Tampa-based insurer's office last October and seized documents thanks to a "whistleblower" who reported fraud.
"With each new piece of data, it seems clear that this investigation is focused on the Florida Medicaid business, the company's Florida Medicaid behavioral arrangement, and WellCare's reinsurance subsidiary," analyst Carl McDonald told the Associated Press. "WellCare's Medicare and its non-Florida Medicaid contracts received barely a mention."
Because of the raid, WellCare's stock plummeted from the $120s to a low of $20.81.
To read the full story in Forbes, click here.
Comments
0 comments on “Investigation into WellCare limited to Florida ”
Related Products
-
Recovery Auditor Report
The Recovery Auditor Report is a free biweekly e-newsletter of useful tips and strategies to get you prepared for the...
-
Medicare Update for CAHs
Medicare Update for CAHs is a free bi-weekly ezxne that provides specialized information for our CAH (critical access...
Most Popular
- Articles
-
- HIPAA Q&A: Answering service messages
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q&A: Coding for dry skin due to cold weather
- Q/A: Volume requirement for reporting hydration services
- Are your workforce members texting PHI?
- Topic: CMS, OESS post new security compliance review information, checklist
- What does case-mix index mean to you?
- OB services: Coding inside and outside of the package
- Privacy, security concerns high in HIEs
- Catch up on what's new with injections and infusions
- E-mailed
-
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q/A: Volume requirement for reporting hydration services
- HIPAA Q&A: Level of encryption needed for email
- HIPAA Q&A: Answering service messages
- Q&A: Coding for sepsis when other conditions are present
- HIPAA Q&A: TPO disclosures to a business associate
- Are your workforce members texting PHI?
- Q&A: Coding for dry skin due to cold weather
- What does case-mix index mean to you?
- Don't let these sentinel events trigger falsely
- Searched