Recently, Clinica Sierra Vista (CSV) reached a settlement agreement with the State of California and the Federal Government to reconcile a discrepancy in reported cost-per-visit-based revenue from FY 2011 – 2017.
Prior CSV executive leadership identified and voluntarily disclosed a potential accounting error in 2018, which began a legal process to reach a settlement to rectify the discrepancy. This settlement agreement is the final step in a process that has been ongoing for more than three years, during which CSV was able to set aside the funds for payment and plan for the organization’s financial future. Because of this, the settlement will have no impact on CSV operations, patients or team members.
New leadership is in place at CSV and the organization has taken many steps since 2018 to ensure a reporting error like this does not happen again, including instituting a new compliance program and hiring an external accounting firm to perform annual audits under the rigorous Single Audit Act.
At CSV, we take pride in our values of responsibility, transparency, and integrity. We are grateful the settlement allows us to find resolution with the Federal and State Governments, and to move forward focused on providing the highest quality care to our patients and their families.
– Dr. Olga Meave
Chief Executive Officer, Clinica Sierra Vista
