CEO charged with overbilling for spinal implants


Prosecutors say a San Francisco-based firm drastically overbilled taxpayers for government employee spinal implants.

Santa Clara County prosecutors filed fraud charges on Wednesday against 67-year-old Implantium chief Trudy Maurer and the firm’s 39-year-old medical director Tigram Shahsuvarya.

They are expected to enter pleas next week to nine felony fraud charges each. They face up to 13 years in prison if convicted.

San Jose Mercury News ( http://bit.ly/JHpH09) says Implantium is a billing company for spinal surgeries.

The firm buys implant devices from manufacturers and supplies them to hospitals, where they are implanted into the backs of injured workers.

Implantium bills workers’ compensation insurance carriers for the devices and is allowed by law to make $250 profit per device.

Prosecutors say invoices were altered up to tens of thousands of dollars.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/04/26/state/n053044D62.DTL#ixzz1tA3kIui9

About the author

Josh Sandberg

Josh Sandberg has been an executive search consultant focused exclusively on orthopedic and spine start-ups since 2004. He has had a tremendous impact in helping his clients avoid costly hiring mistakes by his deep industry knowledge and network. In 2010, Josh co-founded Ortho Spine Companies, which is the parent company of Ortho Spine Distributors (OSD), Surg.io and Ortho Sales Partners (OSP). OSD a searchable database that helps ease the frustration of finding orthopedic distributors throughout the country. Surg.io is the ultimate distributor toolkit that offers distributors the tools necessary to build the foundation of a scalable and highly functioning sales organization. OSP is an end-to-end solution that helps companies approach the Global Market in a cost efficient way. Our team has hundreds of years of experience and can help you navigate the many challenges present in bringing new technologies to the market.

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