Federal Oversight of Orthopedic Device Companies Ends
May 12, 2009 by Beckers ASC Review
Filed under Becker's ASC Review
The U.S. Attorney’s office office has ended 18 months of federal oversight of orthopedic device manufacturers Zimmer, Depuy Orthopaedics, Biomet Orthopedics, Stryker and Smith & Nephew, according to a report by the Star-Ledger.The U.S. Attorney’s office charged the companies with violating federal anti-kickback statutes in 2007. The companies avoided prosecution by agreeing to strict compliance procedures and federal monitoring.
Zimmer, Depuy, Biomet and Smith & Nephew remain subject to the terms of separate agreements entered into with the Office of Inspector General of the Department of Health and Human Services until 2012.
Read the Star-Ledger’s report on the end of federal oversight for orthopedic device companies.
This article originally published @ Beckers ASC Review
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A post by "Becker's ASC Editor" http://www.beckersasc.com Becker's ASC Review is a bimonthly publication that offers general business, legal and clinical guidance on topics including joint-ventures, development and expansion, and regulatory and compliance issues. |
