Becker's Healthcare October 4, 2024
One of Chicago-based CommonSpirit’s top priorities for fiscal year 2025 is to change its relationship with payers, CFO Dan Morissette said on the company’s Oct. 4 investor call.
Mr. Morissette was asked by an investor on the call about how much CommonSpirit is owed in back payments. He said they “tend not to disclose this number,” but said, “we have select payers we have in dispute over $100 million in some of our bigger markets for delinquent payments that we believe we’re entitled to.”
“It’s a frustrating process,” he said. “It’s a slow process. Oftentimes it requires arbitration, or litigation when appropriate. And we are hopeful that some of these payers will step forward and meet the contractual...
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