MIAMI (AP) — Federal health officials have issued a rare warning about doctors' ownership of shares in medical device companies that allow them to profit from performing surgeries with those products.

The inspector general of the Department of Health and Human Services issued a fraud alert Tuesday that called the practice "inherently suspect" and said it may violate anti-kickback laws.

The agency has only issued a handful of these national fraud alerts in the past 20 years and the warning sends a strong message to the medical industry.

The U. S. Senate Finance Committee warned of an uptick in these doctor-medical device partnerships in 2011, saying they were proliferating in at least 20 states.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel