IPC Issues Response Following DoJ Complaint, Says Related to Reimbursement Claims
IPC The Hospitalist
Company, Inc. (Nasdaq: IPCM) today issued the following statement regarding the
complaint filed on June 16, 2014 by the U.S. Department of Justice:
The complaint is in connection with a civil investigative demand (CID) issued
by the Department of Justice (DOJ) in June 2010 concerning claims for
reimbursement that IPC submitted primarily to Medicare and Medicaid. On
December 6, 2013, the U.S. Attorney's Office for the Northern District of
Illinois (Chicago) gave notice of its intention to file a complaint in
intervention related to the investigation. On June 16, 2014, the federal
government filed its complaint in U.S. District Court as originally indicated
in the December 6, 2013 notice.
IPC continues to work expeditiously toward a resolution with the Department of
Justice. The company believes it has a strong compliance focus, and that it
operates with appropriate billing policies, procedures, provider training, and
compliance programs and controls. It is not possible to predict when this
matter may be resolved or what impact, if any, the outcome of this matter
might have on the company's consolidated financial position, results of
operations, or cash flows.
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