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Former Orthofix manager charged with Medicare fraud

Tue, 10/02/2012 - 4:00pm
Mass Device

Former Orthofix territory manager Brian Racey is accused of making false Medicare claims for the Physio-Stim bone growth stimulator.

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Former Orthofix (NSDQ:OFIX) territory manager Brian Racey was charged late last month with defrauding Medicare for $250,000 in false claims for the company's Physio-Stim bone growth stimulator.

Between 2004 and 2008, Racey allegedly forged patient medical records and altered physician prescriptions in order to justify Medicare reimbursement for Physio-Stim use in otherwise non-covered cases.

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