[BostonCard]

I think the biggest allegation is the insurance fraud.

The company grew to include “clinical” tests of gut and vaginal microbiomes, which were aimed to be used by medical providers so uBiome could seek up to $3,000 in reimbursements from health insurance companies. The federal indictment states that uBiome sought upwards of $300 million in reimbursement claims from private and public health insurers between 2015 and 2019. The company was ultimately paid more than $35 million for tests that “were not validated and not medically necessary."

It's one thing if people like Marty's friend buy a kit for kicks and giggles and are careful to say that it is not meant to diagnose or treat disease, but once you get doctors to use it and bill insurance companies for it, you better make sure it is well-validated and clinically needed.

BC

[BostonCard]

I think the biggest allegation is the insurance fraud.

The company grew to include “clinical” tests of gut and vaginal microbiomes, which were aimed to be used by medical providers so uBiome could seek up to $3,000 in reimbursements from health insurance companies. The federal indictment states that uBiome sought upwards of $300 million in reimbursement claims from private and public health insurers between 2015 and 2019. The company was ultimately paid more than $35 million for tests that “were not validated and not medically necessary."

It's one thing if people like Marty's friend buy a kit for kicks and giggles and are careful to say that it is not meant to diagnose or treat disease, but once you get doctors to use it and bill insurance companies for it, you better make sure it is well-validated and clinically needed.

BC