NeuroMetrix paid physicians in the form of free boxes of disposable biosensors for use with the company’s NC-stat System to encourage the physicians to recommend the device to colleagues. NeuroMetrix also allegedly caused physicians to seek reimbursement using a higher valued CPT code under certain circumstances when physicians performed a nerve conduction study using the NC-stat System.
Of the $3.7 million, NeuroMetrix will pay $1.2 million as a criminal penalty after admitting that it provided the free biosensors; the remaining $2.5 million settles the kickback and fraudulent up-coding allegations.
Read the U.S. Attorney’s Office news release about the $3.7 million NeuroMetrix penalty.
Read the NeuroMetrix news release about the NeuroMetrix settlement.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.