The Department of Justice (DOJ) obtained $3.7 billion in False Claims Act (FCA) settlements and judgments in fiscal year (FY) 2017, with $2.4 billion coming from health care industry cases. The $2.4 billion amount includes only federal recoveries; additional funds were recovered for state Medicaid programs. The largest health care industry recoveries in FY 2017– more than $900 million – involved the drug and medical device industry. Most of the government’s FCA settlements and judgments ($3.4 billion) related to qui tam lawsuits in FY 2017, with individual whistleblowers receiving $392 million. The DOJ notes that 669 qui tam suits were filed this past year.
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About Reed Tinsley, CPA
As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →