Acadia Healthcare faces an investigation by the Department of Veterans Affairs for potential insurance fraud

Acadia Healthcare faces an investigation by the Department of Veterans Affairs for potential insurance fraud

The Department of Veterans Affairs is currently looking into Acadia Healthcare, a major operator of psychiatric facilities, for allegedly committing insurance fraud by extending patients' stays without medical necessity. This investigation arises from Acadia's own admissions to investors regarding ongoing investigations by various federal agencies, including prosecutors in Manhattan and a grand jury in Missouri,…

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