Lucrative Medicare Fraud Fines Attract Professional Whistleblowers

Someone thinks there’s money to be made snitching on healthcare providers and suppliers who commit Medicare fraud.

“We are convinced at least 10 percent of the federal budget is eaten up by fraud, or over billing each year,” reads a recent press release of one organization seeking whistleblowers of Medicare fraud. “We are convinced there are thousands of corporate managers, or executives who have substantial proof their company is defrauding, or over billing the federal government out of millions of dollars each year, and we want them to call us, if they might like to learn more about lucrative federal whistleblower reward programs.”

The organization’s website offers zero insight into how it manages whistle-blowers or how it receives payment. Does it charge callers for its services or does it take a percentage of what the government recovers?

The federal government has numerous ways to report fraud. Medicare publishes this website with names, addresses, and telephone numbers.

“Now, it appears that the first generation of professional whistleblowers is upon us,” writes Compliance Week in a story about man seeking investors to form such a company, in this case to chase violators of SEC regulations.