CORRECTION: 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 $16.66 million going to the U.S. government and $3.18 million to four states. The allegations include improper admissions, excessive lengths of stay, and inadequate staffing, leading to patient harm.

September 26, 2024 | 7:10 pm
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Acadia Healthcare Company will pay $19.85 million to settle allegations of false claims for unnecessary inpatient services. This legal 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 misconduct, which could negatively affect Acadia's reputation and investor confidence. The financial impact of the settlement may also affect short-term financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100