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February 3, 2014
09:00 EDTBEATBioTelemetry rises 9.9%
BioTelemetry is up 9.9%, or 72c, to $8.01
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March 25, 2015
17:34 EDTBEATBioTelemetry announces finalization of settlement with DOJ
BioTelemetry announced the completion of the Department of Justice investigation with the signing of a settlement agreement between the two parties. Per the agreement, BioTelemetry will pay $6.4M to the Department of Justice, which was reflected in the company's 2014 financial statements. The settlement relates to allegations that BioTelemetry encouraged physicians to use two non-specified diagnosis codes to ensure coverage of mobile cardiac telemetry between November 2008 and June 2011. It is the company's belief that physicians utilized these non-specified codes for palpitations, a diagnosis that was permitted under the local coverage determination but for which no corresponding diagnosis code was provided. On June 29, 2011, Medicare eliminated this ambiguity by adding a specific diagnosis code for palpitations and removing the two non-specified diagnosis codes.
March 19, 2015
13:32 EDTBEATBioTelemetry to pay $6.4M in settlement with Justice Department
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