Fierce Healthcare January 26, 2022
Mass General Brigham’s high prices and excessive spending have led Massachusetts regulators to require the Boston-based system to develop and implement a “performance improvement plan” to contain healthcare costs within its organization and, by extension, the state.
Following a unanimous vote by the Massachusetts Health Policy Commission (HPC)’s board, MGB will have 45 days to propose a plan that identifies the causes of its spending growth, outlines a savings goal and lists specific steps the system will take to reach that goal, according to the commission.
Should the proposal be approved, MGB will have 180 days to implement the plan and report its outcome to the commission. The regulator’s board can assess a fine of up to $500,000 for noncompliance.
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