St. Jude Pays $3.7 Million to Resolve Fraud Allegations (2024)

FAQs

St. Jude Pays $3.7 Million to Resolve Fraud Allegations? ›

Under the terms of the settlement, the company will pay $3.7 million. Parma Community General Hospital, located in Parma, Ohio, is paying $40,000, and Norton Healthcare in Louisville, Ky., is paying $133,300. The government asserted that Parma and Norton were recipients of the improper rebates from St. Jude.

Jude's Unspent Billions. Financial disclosures newly released by St. Jude, however, show $886 million of the hospital's record $2 billion-plus in revenues last fiscal year went unspent. Those surplus dollars instead flowed to the hospital's reserve fund, which helped it grow to $7.6 billion by the end of June 2021.

We're proud that 82 cents of every dollar received goes to support the treatment, research and future needs of St. Jude.

St. Jude Medical Inc. (St. Jude) has agreed to pay $27 million to settle allegations under the False Claims Act that, between November 2014 and October 2016, it knowingly sold defective heart devices to health care facilities that, in turn, implanted the devices into patients insured by federal health care programs.

What do you think that the CEO of St. Jude's Children's Hospital makes $1.3 million a year? Would that cause you to pause supporting it?

St. Jude's helps children with cancer. Shriner's help children with physical disabilities.

In the past decade, St. Jude has been recognized as a top charity by some of the world's leading charity evaluators. We've also received a favorable rating by the American Institute of Philanthropy, as well as by the financial-rating agency Moody's and Fitch (Fitch Ratings).

Best Buy has raised more than $160 million for the kids of St. Jude since 2013 and continues to make a difference in the fight to end childhood cancer. Best Buy has been the top annual fundraising partner for St. Jude since 2016.

Jude are proud that 82 cents of every dollar received has gone to support patients and research at St. Jude today and in the future. Thirteen cents of every dollar supports fundraising efforts, such as events like the national St. Jude Walk/Run and advertising to help spread awareness of our lifesaving mission.

Does St. Jude really not charge patients? ›

Unlike other hospitals, the majority of funding for St. Jude comes from generous donors. Families never receive a bill from St. Jude for treatment, travel, housing or food.

The billionaire's largest gift during the period was $55 million to the Memphis-based St Jude Children's Research Hospital, followed by $54 million to the X Prize Foundation, which he partnered with in 2021 to create a prize for carbon removal projects.

(Dec. 3, 2018) — AbbVie, a research-based global biopharmaceutical company, today announced a historic $50 million donation to St. Jude Children's Research Hospital. This donation will enable St.

The most highly compensated employee was James Downing, who received more than $7 million in compensation over the past 5 years: 2021: $1,558,983. 2020: $2,324,885.

Jude must be raised from our generous supporters. 82 cents of every dollar received from donations, research grants, insurance recoveries and investment returns goes to support the current and future needs of St. Jude.

In 2022, the nonprofit organization in the U.S. with the highest paid CEO was Sentara Health, with an estimated salary of 33.22 million U.S. dollars. That year, seven of the top ten nonprofits with the highest paid CEOs belonged to the healthcare industry.

Jude Children's Research Hospital® for treatment, travel, housing or food—because all a family should worry about is helping their child live. survival rate from 20% to more than 80% since we opened more than 50 years ago.