HealthLeaders Media March 26, 2024
The Connecticut-based operator cut 60 positions to offset the costs associated with Medicare Advantage delays and denials.
KEY TAKEAWAYS
– Medicare Advantage (MA) has been critiqued for excessive prior authorizations and denials, putting providers at risk of losing out on payments.
– Bristol Hospital CEO Kurt Barwis made the decision to get rid of 60 positions, including laying off 21 staff members, due to the financial burden from MA plans.
– Several hospitals are also choosing to terminate MA contracts after weighing the impact missed or delayed payments are having on the bottom line.
Repeated Medicare Advantage (MA) claim denials left one Connecticut hospital in financial peril, causing it to significantly cut down on staff.
Bristol Hospital CEO Kurt Barwis...
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