Maxim Health Care, once known as MEDCALL Medical Staffing, was founded in Columbia, Maryland in 1988. It started off as a small medical staffing company but now has more than 60,000 employees and subsidiaries such as Maxim Staffing Solutions, Maxim Physician Resources, TimeLine Recruiting, TravelMax, and Centrus Premier Homecare.
Recently, the company has taken a huge financial and horrible publicity hit. It has just reached a $150 million fraud settlement with 41 U.S. states. The settlement was made to pay off U.S. Government benefit programs that it allegedly defrauded. These programs include Medicaid and veteran health care. Just as their criminal charges have been dissolved, so has their reputation. This whole issue revolves around the fact that Maxim submitted false claims for fake or undocumented services. In addition, some of its offices were also improperly licensed. Three former senior managers, Matthew Skaggs, Gregory Munzel, and Bryan Lee Shipman, have plead guilty to the fraud charges.
Many predict that the pricey settlement and shameless fraud is going to plummet their stocks. However, CEO Brad Bennett hopes for forgiveness and for the best. “We take full responsibility for these events set forth in the deferred prosecution agreement, and we are pleased to reach a settlement that will allow us to move forward with the important work of caring for our patients and clients who depend on us each and every day.” One thing is for sure, only the future can tell what the faith of Maxim Health Care will be.