The drug testing company has been under investigation since October for allegedly overbilling Medicaid. But a state investigator and a lawyer for the lead investor disagree about the status of the probe and its effect on the company’s finances.
Green Mountain Care Board
The hospital system is among the would-be investors, according to a letter seeking emergency review of the deal by regulators. The lab company is hobbled by a fraud settlement and in default on a loan, the letter says.
Both the UVM Medical Center and Central Vermont Medical Center requested to increase how much money they charge insurance companies by 3 percent.
Green Mountain Care Board members Con Hogan and Allan Ramsay wrote dissents questioning whether regulators are doing enough to rein in health care costs.
The company appeared to be managing the nursing homes already, but the approval gives it formal control of about one-third of Vermont’s nursing home beds.
The discussion comes in the wake of a VTDigger investigation that found hospitals had tripled their profits and doubled their assets over the past 10 years.
FOR IMMEDIATE RELEASE: Friday, July 29, 2016 For more information, contact Jaime Fisher (802-828-2130) GREEN MOUNTAIN CARE BOARD PUBLIC MEETINGS IN AUGUST Montpelier, VT – The Green Mountain Care Board (GMCB) will hold the following public meetings in August: Thursday, Aug. 4: (1:00 pm) Board Meeting Topic: TBD Located in the GMCB Board Room on […]
The insurer requested in May to raise prices 8.8 percent. The Green Mountain Care Board’s actuaries said that number should be 3.7 percent. MVP countered with 6.3 percent.
The insurer wants to raise its prices on the health care exchange an average of 8.18 percent, and the Green Mountain Care Board’s actuaries say that number should be 8.24 percent.
The insurer has asked to raise what it charges customers on Vermont Health Connect by 8.8 percent starting Jan. 1. Actuaries say the prices should go up only 3.7 percent.
MVP HealthCare says UVM Medical Center charges the insurance company substantially more than similar academic hospitals — and that Rutland Regional should lower its prices.
About 96 percent of patients allow doctors to view their records through VITL Access. A proposed policy would give them automatic consent unless patients object.
News Release — Green Mountain Care Board June 29, 2016 Contact: Jaime Fisher 802-828-2130 Montpelier, VT – The Green Mountain Care Board (GMCB) will hold the following public meetings in July: Thursday, July 7: Canceled Tuesday, July 12: (2:00 pm) Data Governance Council Meeting Located in the GMCB Board Room on the 2nd Floor of […]
“I think if we can get them funded properly we can eliminate that as an excuse … and then let’s really start to measure the results versus the goals,” said Al Gobeille, chair of the Green Mountain Care Board.