5 • 1.4K Ratings
🗓️ 18 April 2024
⏱️ 31 minutes
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A medical sales rep blows the whistle on an alleged kickback scheme where he says a company bribed staff at a Veterans Affairs hospital to buy unnecessary medical devices at taxpayer expense, and use them in medically unnecessary procedures on veterans. The company and doctors dispute the allegations and deny any wrongdoing.
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0:00.0 | Hi everybody Cheryl Ackison here. |
0:05.0 | Cheryl Ackison here. |
0:07.5 | Welcome to another edition of Full Measure After Hours. |
0:11.1 | Today a medical sales rep blows the whistle on an alleged kickback scheme where he says a company bribed staff at a VA hospital to buy unnecessary medical devices at taxpayer expense and use them in medically unnecessary |
0:26.2 | procedures on vets. |
0:31.4 | On Sunday, April 21st on full measure, a fascinating story that you should care about on many levels, |
0:38.0 | but not the least of which is that it involves alleged misspending of your tax money. A whistleblower claims that a company |
0:45.3 | Medtronic bribe doctors at a VA hospital to get them to buy a ridiculous amount of |
0:50.8 | Medtronic products unnecessarily and to use them unnecessarily on veterans at taxpayer expense. |
0:58.0 | We're talking millions of dollars. |
1:00.0 | In official court filings, it's an alleged kickback scheme. |
1:03.7 | Now I want to let you know before you hear the interviewer with the whistleblower and |
1:07.7 | his allegations that all of this is the subject of legal action and investigations. Medtronic, the accused company the to defend the litigation as it moves ahead. |
1:23.0 | Medtronic has also said that it has a strong compliance and reporting program including robust auditing and other internal controls. |
1:32.0 | Now here's the whistleblower, Tom Schrader. |
1:34.7 | If I summarize it, I would say it's a story of a typical scenario, whether it's health care or any |
1:49.7 | other industry where there's always opportunity to take advantage of weaknesses and systems or |
1:56.6 | opportunistic scenarios and I think this is one that was a similar situation that started small in my |
2:05.2 | estimation and snowballed into something pretty unbelievable to the average |
2:10.0 | person including myself when it was all said and done. |
2:14.0 | Can you tell me what kind of, again, these are just sort of asking for brief overviews, what kind of |
2:19.2 | company is Medtronic? |
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