Ex-NY hospital CEO charged with taking vendor kickbacks
John R. Reynolds, former chief executive officer of New York's Hospital for Special Surgery, was charged by federal prosecutors with taking $1.4 million in a decade-long illegal-kickback scheme. Reynolds, 63, was arrested at his home in Massachusetts yesterday, according to a statement from the office of U.S. Attorney Preet Bharara. An indictment unsealed in Manhattan federal court charges Reynolds with racketeering and making false statements to the government. He faces as long as 25 years in prison if convicted. Prosecutors claim that, from 1996 to 2007, Reynolds took money from at least two hospital vendors, a hospital employee and an unidentified healthcare organization in the U.K.
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Interventional Radiology No Longer a Sub-Specialty
- Transforming Cancer Care
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Sharp HealthCare Leaves Pioneer ACO Program
- mHealth Tackles Readmissions
- MA an Insurance Proving Ground for Providers
- States Without Medicaid Expansion Search for Alternatives