Publication | August 11, 2015
In the first decision interpreting the 60-day overpayment rule of the False Claims Act, U.S. District Judge Edgardo Ramos of the Southern District of New York held that an overpayment has been "identified" for the purposes of starting the 60-day overpayment refund clock when "a provider has been put on notice of a potential overpayment, rather than the moment when an overpayment is conclusively ascertained[.]" While this is likely to be one of many decisions on the subject, this decision suggests that providers may face potentially significant risk for failure to promptly identify and return overpayments going forward.
The 60-day overpayment rule was created by Section 6402(d) of the Affordable Care Act.
Read the full article: Risks arise for health providers after FCA overpayment case
Publication
The US Supreme Court has ruled that a “pure omission” under Item 303 of Securities and Exchange Commission Regulation S–K cannot give rise to a private action for securities fraud under Section 10(b) and Rule 10b-5(b) of the Securities Exchange Act of 1934.
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