New York cardiology practice, physician settle false billing claims for $2M

New York City City-based New York City Cardiology and Ghanshyam Bhambhani, MD, concurred to a $2 million settlement to solve accusations that they broke the Anti-Kickback Statue by engaging in an illegal rental plan with referring physicians and creating false claims for heart treatments.

Dr. Bhambhani was convicted of a criminal conspiracy to pay healthcare kickbacks in 2018 and sentenced to almost three years in prison and 3 years of supervised release.

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Dr. Bhambhani will pay the $2 million on behalf of himself and the practice. Failure to pay will lead to both the doctor and practice being in default of the contract.

The U.S. and state of New York said they have civil claims against the practice and Dr. Bhambhani resulting from falsified records to validate cardiac procedures and to provide settlement for recommendations from doctors disguised as lease in between Jan. 1, 2010, and July 31, 2017. The defendants confessed to the scheme, according to court files.

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