Community Health Systems Receives SEC Subpoena

Community Health Systems, based in Franklin, Tenn., announced it has received a subpoena from the Security and Exchange Commission regarding its admission practices, according to a Nashville Post report.


CHS said it received the subpoena on May 13 requesting documents related to various inquiries into the company's billing practices. The practices allegedly resulted in one-day admissions that should have been billed as observation status visits.

The hospital operator is currently being investigated by the Department of Justice and HHS following a lawsuit by Tenet Healthcare alleging improper billing resulting from the admission practices. CHS stockholders have also filed a suit against CHS for stock losses resulting from the alleged improper billings and resulting investigations.

Read the Nashville Post report on CHS.

Related Articles on CHS:
Tenet Seeks Damages For Costs of Resisting Community Health Takeover
Community Health Shareholders File Suit, Seek Class Action Status
Proxy Advisor Urges CHS Shareholders to Oust Two Directors, CFO

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers