Jed Cain
Partner
Philips will pay millions of dollars to resolve allegations that the company paid kickbacks to suppliers in exchange for them filing claims with the federal healthcare programs Medicare, Medicaid, and Tricare for Philips devices. Philips RS North America, a subsidiary of Philips formerly known as Respironics, will pay more than $24 million to the government. The settlement happened because a whistleblower came forward to report fraud. The manufacturer is also accused of giving suppliers access to prescribing data for free to help them market devices to physicians.
Medical manufacturers are expected to prioritize patient care, but paying kickbacks is a concerning indicator that the financial bottom line has taken precedence over patient needs. Philips will pay $22.6 million to the United States and $2.13 million to various states. The company agreed to the settlement without acknowledging any wrongdoing on its part. Along with the settlement, Philips also entered into a Corporate Integrity Agreement with the Office of Inspector General of the Department of Health and Human Services. The agreement stipulates that the company must have a compliance program that monitors its sales for five years.
According to the Justice Department, Philips provided illegal incentives to durable medical equipment (DME) suppliers. In return, the suppliers submitted claims for CPAP and BiPAP machines, ventilators, oxygen concentrators, and other medical devices. This...
Tosin Clegg Nollywood Actor, Mike Godson made news recently after an X account user tweeted a controversial post that he got AfroPop Singer and Global Music Sensation, Yemi Alade pregnant. The pos...