Column: This company made billions by surprise-billing helpless ER patients. Then justice arrived

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'Envision stands as a case study in the destructive incursion of the profit motive — actually, the profiteering motive — in American healthcare.' Column by hiltzikm:

Eli Lilly’s price cuts on insulin will increase its profits, thanks to America’s bizarre drug pricing system. Don’t mistake its move for philanthropy.that heavily influenced the legislative movement in Congress, it wasn’t unusual for emergency doctors to end their network contract with insurers.

The Yale researchers made passing mention of another player in this process: the health insurance industry, which has an interest in paying providers as little as it can get away with. It says its real problem is that regulations implementing the act have put health insurers in the driver’s seat in setting reimbursements. Provider firms have to go to arbitration to settle their differences, but that’s resulted in a logjam of arbitration cases and a backup of unpaid claims.

Column: Moderna and Pfizer are jacking up the price of COVID vaccines. The government should stop them The prearranged bankruptcy will allow both Amsurg and Envision to continue operating under the ownership of their creditors, who will take over once the latter emerges from bankruptcy in the fall. Among the new owners will be Blackstone, giving the big private equity firm a foothold in the two biggest staffing companies, Envision and TeamHealth.

The insurer, for its part, says Envision has “systematically” upcoded its reimbursement claims. The allegation is that Envision has submitted claims for more elaborate patient treatments — which warrant higher reimbursements — than the patients needed or received at the ER.

 

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