Here are four things to know:
1. The man, William Worthy II, helped sell fraudulent health insurance policies to more than 17,000 victims around the United States.
2. Nashville-based Smart Data Solutions marketed the plans.
3. In 2010, the state of Tennessee liquidated Smart Data solutions and related entities after a court found they acted as an unlicensed insurance company.
4. Mr. Worthy II and his co-conspirators embezzled more than $5.4 million for their personal use, and Mr. Worthy II accepted responsibility for more than $7.3 million of losses from the insurance scheme.
More articles on coding & billing:
7 key payer challenges for ASCs in 2016
ACA hits BCBS with billion-dollar losses: 5 takeaways
Smooth transition to ICD-10, but some rocky areas revealed: 6 observations
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
