A Chicago health center has agreed to pay a $715,000 fine to various federal agencies to settle allegations it misused grant money. The legal costs involved in reaching the settlement are unknown.
As allegations of waste, fraud and inefficiency in healthcare are increasingly being investigated by government agencies the defense and investigative expenses required are skyrocketing. Although fines are generally uninsurable the legal costs can be and are often just as high. Calculated Risk Advisors is working with it’s healthcare clients to proactively implement risk management and risk transfer plans.