Acadia Healthcare Company To Pay $19.85M To Settle Allegations Relating To Medically Unnecessary Inpatient Behavioral Health Services
Portfolio Pulse from Benzinga Newsdesk
Acadia Healthcare Company has agreed to pay $19.85 million to settle allegations of billing for medically unnecessary inpatient behavioral health services. The settlement resolves claims under the False Claims Act and related state statutes, with payments to both the federal government and several states.
September 26, 2024 | 7:08 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Acadia Healthcare Company will pay $19.85 million to settle allegations of false claims for unnecessary inpatient services. This settlement may impact investor confidence and the company's financials in the short term.
The settlement involves a significant financial penalty and addresses serious allegations of false claims, which could affect Acadia's reputation and financial standing. This may lead to a negative short-term impact on the stock price as investors react to the legal and financial implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100