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Department of Health and Human Services

Office of Inspector General -- AUDIT

"Review of Pension Costs Claimed by Veritus, Inc. of Pennsylvania," (A-07-04-00170)

August 17, 2004


Complete Text of Report is available in PDF format (397 kb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.


EXECUTIVE SUMMARY:

The audit objective was to determine the allowability of pension costs claimed for Medicare reimbursement by Veritus for Fiscal Years (FY) 1993 through 1997.  Veritus claimed $594,806 of unallowable pension costs.  Veritus should revise its Final Administrative Cost Proposals for FYs 1993 through 1997 to eliminate unallowable pension costs of $594,806.  Veritus agreed with our recommendation.