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To: Scoutmaster

Another thread said that COrning had just acquired the company and discovered the problem and turned it in to the authorities. So although they owned it they didn’t own it ;~)

Appreciate your post


10 posted on 01/29/2012 6:02:22 AM PST by hoosiermama (Stand with God: Newt and Sarah will be right next to you.)
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To: hoosiermama
Another thread said that COrning had just acquired the company and discovered the problem and turned it in to the authorities. So although they owned it they didn’t own it ;~)

Corning owned the company, but Corning didn't own the problem. The fraudulent billing practices were set up when Damon was owned by Bain and Romeny was on the Board.

Corning acquired Damon and stopped the fraudulent billing.

And this was fraud. If the government catches you miscoding, in its agents' opinion, the length of some of your patient encounters, the government may call it fraud.

This case was pure fraud - setting up as system automatically to 'order' tests not ordered by a physician, unbundling tests and billing one component as if it were performed on a day it was not performed to that it could be reimbursed under Medicare rules (if it had been reported as performed on the same day as the other component, Medicare software would have re-bundled them and paid the lower, composite rate). And other, pure, no-doubt, fraudulent practices.

Which Corning didn't start, but Corning stopped.

16 posted on 01/29/2012 7:18:25 AM PST by Scoutmaster (You knew the job was dangerous when you took it)
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