Latest news with #ConiferHealth
Yahoo
10 hours ago
- Business
- Yahoo
Tenet Healthcare Corp (THC) on the Spot over Medicare Fraud Allegations
Tenet Healthcare Corporation (NYSE:THC) is one of the 12 best healthcare stocks to buy now. On June 12, the stock was in recovery mode following a scathing report from Fuzzy Panda Research alleging that the company engaged in Medicare and Medicaid Fraud. Tenet Healthcare Corp (THC) on the Spot over Medicare Fraud Allegations A medical team performing minimally invasive surgery with a da Vinci Surgical System. The short seller alleges the company received over $167 million in excess Medicare outlier payments. It also alleges that the company accelerated outlier gaming activities after its five-year Corporate Integrity agreement ended. Fuzzy Panda also alleges that Tenet charged private jet costs to government programs and used undocumented immigrant newborns to secure Medicaid reimbursement. In the report, Fuzzy Panda alleged that the company could be hit by fines of between $675 million and $845 million. Over the past 20 years, the company has paid over $2.5 billion in fines. Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare company that operates a network of hospitals, ambulatory surgery centers, and other outpatient facilities. It also provides revenue cycle management services through its Conifer Health Solutions subsidiary. Tenet's mission is to deliver quality, compassionate care in their communities. While we acknowledge the potential of BAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Stocks Analysts Are Upgrading Today and 13 Best AI Stocks to Buy Under $10. Disclosure: None.
Yahoo
11 hours ago
- Business
- Yahoo
Tenet Healthcare Corp (THC) on the Spot over Medicare Fraud Allegations
Tenet Healthcare Corporation (NYSE:THC) is one of the 12 best healthcare stocks to buy now. On June 12, the stock was in recovery mode following a scathing report from Fuzzy Panda Research alleging that the company engaged in Medicare and Medicaid Fraud. A medical team performing minimally invasive surgery with a da Vinci Surgical System. The short seller alleges the company received over $167 million in excess Medicare outlier payments. It also alleges that the company accelerated outlier gaming activities after its five-year Corporate Integrity agreement ended. Fuzzy Panda also alleges that Tenet charged private jet costs to government programs and used undocumented immigrant newborns to secure Medicaid reimbursement. In the report, Fuzzy Panda alleged that the company could be hit by fines of between $675 million and $845 million. Over the past 20 years, the company has paid over $2.5 billion in fines. Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare company that operates a network of hospitals, ambulatory surgery centers, and other outpatient facilities. It also provides revenue cycle management services through its Conifer Health Solutions subsidiary. Tenet's mission is to deliver quality, compassionate care in their communities. While we acknowledge the potential of BAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Stocks Analysts Are Upgrading Today and 13 Best AI Stocks to Buy Under $10. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
