Dropped from $21.67 to $10.47 after close.
Sounds like the insurance audit alluded to in their Q2 call has not gone well, with the DOJ not only getting involved, but becoming the "primary point of contact" re: the audit.
If I'm understanding this correctly, it sounds like the audit uncovered something bad enough that the payor (their largest) kicked it up a notch? Like "talk to my lawyer" in steroids?
The company is positioning this as if any negligence is on the consumer and they'll do better in the future, but it's unclear what potential repercussions could be involved.
Any resident Law Talking Guys able to decipher this? Are we looking at hefty fines? Does this mean their largest payor won't take their claims anymore?
Submitted September 23, 2021 at 04:03AM by FaintCommand https://ift.tt/2ZfgnB0
