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News Breaks
June 5, 2014
12:21 EDTBEATBioTelemetry unit acquires assets of RadCore Lab
Biotelemetry announced that Cardiocore, its research services subsidiary, acquired the assets of RadCore Lab. While this acquisition provides growth potential, it is not expected to have a material impact on the company's FY14 results of operation.
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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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