WellCare settles SEC accounting probe
WellCare Health Plans Inc. resolved an informal Securities and Exchange Commission probe of its accounting with an agreement to pay about $10 million plus interest. "We are pleased that this matter has been resolved," said General Counsel Thomas F. O'Neil III. Last summer, the WellCare board determined the company should restate financial statements to correct errors related compliance with refund requirements in certain contracts. Earlier this month, WellCare agreed to pay $80 million to settle Medicaid-fraud probes by the U.S. Attorney's Office for the Middle District of Florida and the Florida Attorney General's Office.
- ICD-10 Delay Alters Provider, Vendor Prep
- Providers Lag as Consumers Set Agenda
- Payment Reform Naysayers 'Better Wake Up'
- Crisis Spurs Healthcare Payment Reform in Arkansas
- Esther Dyson Launches Population Health Challenge
- HIT Leaders Want Flexibility, Transparency from Next HHS Chief
- As Hospitalist Patient Loads Rise, So Do Hospital Costs
- Advance Directives: Let's Make a Law
- Reduce Readmissions by Activating Patients to Do 'Self-Care'
- Look Beyond Nurse-Patient Ratios