Franklin, Tenn.-based Community Health Systems announced it has received a subpoena from the Security and Exchange Commission regarding its admission practices, according to a Nashville Post report.
CHS said it received the subpoena on May 13 requesting documents related to various inquiries into the company's billing practices. The practices allegedly resulted in one-day admissions that should have been billed as observation status visits.
The hospital operator is currently being investigated by the Department of Justice and HHS following a lawsuit by Tenet Healthcare alleging improper billing resulting from the admission practices. CHS stockholders have also filed a suit against CHS for stock losses resulting from the alleged improper billings and resulting investigations.
Read the Nashville Post report on CHS.
Related Articles on CHS:
Tenet Seeks Damages For Costs of Resisting Community Health Takeover
Community Health Shareholders File Suit, Seek Class Action Status
Proxy Advisor Urges CHS Shareholders to Oust Two Directors, CFO
CHS said it received the subpoena on May 13 requesting documents related to various inquiries into the company's billing practices. The practices allegedly resulted in one-day admissions that should have been billed as observation status visits.
The hospital operator is currently being investigated by the Department of Justice and HHS following a lawsuit by Tenet Healthcare alleging improper billing resulting from the admission practices. CHS stockholders have also filed a suit against CHS for stock losses resulting from the alleged improper billings and resulting investigations.
Read the Nashville Post report on CHS.
Related Articles on CHS:
Tenet Seeks Damages For Costs of Resisting Community Health Takeover
Community Health Shareholders File Suit, Seek Class Action Status
Proxy Advisor Urges CHS Shareholders to Oust Two Directors, CFO