Beverly finalizes Medicare settlements.Fort Smith, Ark.-based Beverly Enterprises signed agreements with the Office of Inspector General Noun 1. Office of Inspector General - the investigative arm of the Federal Trade Commission OIG independent agency - an agency of the United States government that is created by an act of Congress and is independent of the executive departments finalizing tentative settlements of a government investigation into its allocation of nursing labor costs under the Medicare program. Beverly will reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. the government $170 million, with $25 million to be paid within 30 days, and the the rest to be paid over an eight-year period, interest-free, via pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. reductions in Medicare payments Noun 1. medicare payment - a check reimbursing an aged person for the expenses of health care medicare check bank check, check, cheque - a written order directing a bank to pay money; "he paid all his bills by check" . Beverly also will pay a fine of about $5 million. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion