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Arthrocare’s Credibility Crisis Deepens

Posted in Citron Reports by CitronResearch on the February 26th, 2008

 stock ticker: ARTC
Over the past two months, Citron Research has published numerous articles detailing Arthrocare’s toxic relationship with its billing subsidiary Discocare. Citron has received an incredible amount of unsolicited feedback from the medical community expressing outrage at the business practices of Arthrocare. Furthermore, these reports, reinforced with Arthrocare’s own documentation, have proven that:

  • Discocare had an insider relationship to Arthrocare from its inception.
  • Discocare doesn’t operate a mysterious and highly technical “algorithm” as claimed by CEO Baker.
  • In fact, it organizes a network of personal injury attorneys and high-volume surgery centers to create a stream of high-priced spine procedures executed primarily for financial rather than medical reasons.
  • These procedures are compensated based on a Letter of Protection executed with a personal injury attorney of an injured client.
  • It explicitly advocates doctors to “upcode” those procedures into an “open” surgical procedure, with dubious medical benefit, but a higher value in an injury lawsuit

(more…)

EVERY DAY THIS STORY GETS WORSE… Arthrocare.

Posted in Citron Reports by CitronResearch on the February 19th, 2008

Citron Research Updates on Arthrocare (ARTC)

Posted in Citron Reports by CitronResearch on the February 14th, 2008

WHAT ARTHROCARE HOPES YOU NEVER READ

Posted in Citron Reports by CitronResearch on the February 5th, 2008