Drug Discovery and Development

  • Home Drug Discovery and Development
  • Drug Discovery
  • Genomics/Proteomics
  • Oncology
  • Neurological Disease
  • Infectious Disease
  • Orphan Drugs
  • R&D 100 Awards

Report: PerkinElmer under investigation for Medicare fraud

By Nancy Crotti | May 18, 2020

PerkinElmer (NYSE:PKI) is under federal scrutiny for alleged involvement in a scam to bill Medicare for tens of thousands of unnecessary genetic cancer tests, according to a report by Reuters.

The news agency cited three unidentified sources and government documents linking the Waltham, Mass.-based diagnostic and scientific instrument company to the probe. PerkinElmer acknowledged that it has received government subpoenas regarding investigations into third parties and said it is cooperating with authorities, but denied knowledge of wrongdoing.

“The company is not aware of, and has not received any information regarding, wrongdoing by PerkinElmer, as implied by Reuters, nor does PerkinElmer have any information that the company or any of our personnel are the target of a government investigation,” the company added in a statement.

Reuters reported that PerkinElmer ran high volumes of tests for some laboratory clients, two of whom the federal government previously charged with Medicare fraud. Sources told the news agency that investigators want to determine whether the company knew or should have known that the tests were not medically necessary and that its laboratory customers were billing Medicare for them.

The tests determine a patient’s risk for developing hereditary diseases such as breast or colorectal cancer, Reuters reported. Medicare pays for the tests if ordered by the patient’s physician. Some PerkinElmer employees flagged the tests because the patients didn’t fit the profile for such tests and few results pointed to a risk of cancer, the news agency added.

PerkinElmer said it supports government efforts to identify and prevent abusive practices in healthcare.

Tell Us What You Think! Cancel reply

You must be logged in to post a comment.

Related Articles Read More >

Endevica
Investigational drug promises to reverse wasting syndrome in cancer patients
Nodular melanoma
BioNTech and Moderna set their sights on treating cancer
4D Path
4D Path and University of Leeds extend partnership to validate oncology platform
Q&A: Why IMV’s DPX-Survivac shows promise in treating ovarian cancer

DeviceTalks Tuesdays

DeviceTalks Tuesdays

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.

Need Drug Discovery news in a minute?

We Deliver!
Drug Discovery & Development Enewsletters get you caught up on all the mission critical news you need. Sign up today.
Enews Signup

R&D Twitter

Tweets by @RandDWorld
Drug Discovery and Development
  • Enews Signup
  • Contact Us
  • R&D World
  • Pharmaceutical Processing
  • Drug Delivery Business News

Copyright © 2021 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Drug Discovery

  • Home Drug Discovery and Development
  • Drug Discovery
  • Genomics/Proteomics
  • Oncology
  • Neurological Disease
  • Infectious Disease
  • Orphan Drugs
  • R&D 100 Awards