In the transaction announced today, Health Quest and PHC have admitted, confirmed and accepted liability for certain facts involving the submission of ineligible claims for various health services, including: as a result of the transaction, Health Quest entered into an agreement on the integrity of the company with the federal Department of Health and Human Services , which placed her under HHS surveillance for five years. As part of the agreement, Health Quest established a Chief Compliance Officer and organized training for its Board of Directors on their compliance responsibilities. As part of the benchmark contract, Health Quest has entered into an agreement on corporate integrity, which aims to limit future marginal fraud. As part of the comparison, Health Quest and Putnam admitted many bad deeds that led to the presentation of false allegations. For example, for six years, Health Quest did not adequately document evaluations and management services and billed these services at two levels above what was supported in the medical record. Similarly, Health Quest has billed home health services for more than three years that do not have adequate support. “Public health programs are valuable and must be carefully monitored,” said Scott J. Lampert, Special Representative of the Office of Inspector General of the U.S. Department of Health and Human Services (HHS-OIG). “Working closely with our law enforcement partners, we will fight for the integrity of these taxpayer-funded programs.” For fiscal 2017, which ended in September of this year, which ended 22% to $47.6 million, the gap between WCHN`s revenue and expenses narrowed. However, the hospital system reported a $139 million increase in net assets due to changes in a retirement commitment position during the year, resulting in net assets of $883 million on the eve of the completion of the Health Quest merger agreement.
“This resolution is proof of our deep commitment to protecting the integrity of Federally funded health programs,” said Assistant Attorney General Chad A. Readler for the Department of Justice`s Civilian Division. “We are committed to making health care providers responsible and knowingly claiming money from taxpayers to whom they are not entitled.” Health Quest paid about $15 million to solve the case, but the newly reported details provided a critical insight into how the colony is reorganizing health care in the Hudson Valley.