Watching LifeStance Health; The Bear Cave Issues Short Report On Co Titled "Problems At LifeStance Health (LFST)"
Portfolio Pulse from Benzinga Newsdesk
LifeStance Health (NASDAQ:LFST), a large outpatient mental health platform, is facing allegations of overbilling, fraudulent billing, and unfair and deceptive business practices. The Bear Cave has uncovered numerous complaints against the company, including scheduling therapy appointments without patient knowledge to incur cancellation and no-show fees, adding unearned billing codes to patient bills, and sending bills to people who have never used its services. The company also has a high executive turnover and a concerning Compliance Committee oversight. The Better Business Bureau has given the company an F rating and issued an alert over a pattern of complaints.
October 19, 2023 | 2:34 pm
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LifeStance Health is facing serious allegations of fraudulent and unfair business practices, which could negatively impact its reputation and financial performance.
The allegations against LifeStance Health, if proven true, could lead to legal penalties, loss of customer trust, and a decline in its stock price. The company's high executive turnover and poor rating from the Better Business Bureau further add to these concerns.
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