Semler Scientific Inc. (SMLR) Agrees $29.75M DOJ Settlement

Semler Scientific Inc. (NASDAQ:SMLR) is one of the best cryptocurrency stocks to buy according to Wall Street Analysts. On September 16, the company entered into a settlement agreement with the Department of Justice, settling allegations related to False Claims Act violations.

The company agreed to pay $29.75 million, plus interest at 4.25% per annum, to settle violations concerning Medicare Part B submissions for tests using its FloChec and QuantaFlo devices. Part of the funds, $5.2 million, is to be paid to whistleblowers who brought the case.

In addition to the settlement, Semler Scientific has also entered into a 5-year corporate integrity agreement with the Department of Health and Human Services Office. For the third quarter, the company expects revenues of between $6.9 million and $7.5 million, as a significant customer has announced plans to reduce its use of the QuantaFlo device.

Semler Scientific Inc. (NASDAQ:SMLR) develops and markets technology products and services for healthcare providers to diagnose and manage chronic diseases. It has also made significant investments in Bitcoin, aiming to diversify its corporate assets and leverage the cryptocurrency as a store of value.

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Disclosure: None. This article is originally published at Insider Monkey.