Zynex & United States — Tricare
5 shared events · Importance 3 · Last updated Apr 21, 2026
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Zynex is a medical device provider that bills the US government's Tricare program. The relationship is currently adversarial, as Tricare has suspended payments to Zynex while investigating allegations of false claims.
Business
Zynex: Zynex is facing multiple securities class action lawsuits, delisting from Nasdaq, and Chapter 11 bankruptcy due to an alleged fraudulent overbilling scheme. The company's stock price has plummeted, resulting in a near-total loss for common equity holders.
United States — Tricare: United States — Tricare, the health insurance program for the U.S. military and Zynex's largest customer, temporarily suspended payments to Zynex due to a review of prior claims, which contributed to Zynex's financial downfall.
Feb 24, 2026 · 35 articles
Regulatory
Zynex: Zynex is facing a class action lawsuit for allegedly inflating revenue through an 'oversupplying scheme' and making false statements, leading to significant stock price drops and suspension of payments from United States — Tricare.
United States — Tricare: United States — Tricare, the health insurance program for the U.S. military, temporarily suspended payments to Zynex as they review prior claims, indicating scrutiny of Zynex's billing practices.
Mar 26, 2025 · 6 articles
Business
Zynex: Zynex is facing a class action lawsuit for allegedly inflating revenue by shipping excess products and filing false claims, which could lead to adverse consequences from insurers and the federal government.
United States — Tricare: United States — Tricare, the U.S. military health insurance program, is one of the insurers that scrutinized Zynex's practice of filing false claims.
Mar 27, 2025 · 6 articles
Business
Zynex: Zynex is facing a class action lawsuit for allegedly inflating revenue by shipping products in excess of need and filing false claims, which could lead to removal from insurer networks and government penalties.
United States — Tricare: United States — Tricare, the U.S. military health insurance program, is one of the insurers that scrutinized Zynex's practice of filing false claims.
Mar 26, 2025 · 6 articles
Business
Zynex: Zynex is facing a class action lawsuit for allegedly inflating revenue by shipping products in excess of need and filing false claims, which could lead to adverse consequences like removal from insurer networks and government penalties.
United States — Tricare: United States — Tricare is mentioned as one of the insurers whose scrutiny was drawn by Zynex's practice of filing false claims.
Mar 24, 2025 · 6 articles
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