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Home Health & Hospice Week

Fraud & Abuse:

SEC Launches Home Care Therapy Investigation

Published on Wed Jun 09, 2010

Wall Street Journal article impact continues. If you thought you had a good reason to mind your therapy p's and q's after the Senate Finance Committee announced an inquiry into home health therapy, now you have another one -- an investigation by the Securities and Exchange Commission. Baton Rouge, La.-based Amedisys Inc. and Louisville, Ky.-based Almost Family Inc. have received subpoenas from the SEC regarding their provision of therapy. The investigation comes on the heels of a Wall Street Journal article highlighting the differences in therapy provision before and after the prospective payment system therapy changes that took place in 2008 and a subsequent Senate inquiry into the matter. The Senate investigation is still ongoing. Lafayette, La.-based LHC Group Inc. and Atlanta-based Gentiva Health Services Inc. have not received SEC subpoenas, they say. But that didn't stop their stock from falling by double-digit percentages along with the subpoenaed companies' stock. The [...]
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