RE:OIG decision overhang.....Not good. 50/50 ChanceThe stock price probably reflects more than a $9 million penalty because bonehead mgmt did not spell it out in original NR. Instead the bozos provided a link to the OIG report where a $29 million penalty was recommended. So an announcement ending this will boost the stock price.
besttobe wrote: Toss the dice and hold for decision. hmmmmm...investing ot gambling?
Moving on to the OIG and CMS issue related to our NIV claims. We are continuing to work with CMS and its contractors through the appeal process to assess the medical necessity of the patients audited by OIG. As discussed on our last call, we filed with the QIC in the fourth quarter and are awaiting their final review of these claims. We anticipate receiving results back from this independent review during the next 30 days and are once again hopeful this round of review will have a more individualized clinical review.