D.C.’s Director of the Department of Health Care Finance Wayne Turnage said an “agreement in principle” had been reached with D.C. Chartered Health Plan, which formerly held the district’s Medicaid contract before its owner was alleged to have improperly handled company finances in an effort to support D.C. Mayor Vincent Gray’s campaign. The plan calls for the federal and local governments to pay an $18 million settlement to Chartered’s receiver, which will go toward paying down its $47.5 million in unpaid debt to providers.
At a hearing Thursday, members of the provider community applauded the district’s step toward meeting unpaid bills, saying as the money trickles in they will be able to pay utility bills to remain open.
More Articles on Medicaid:
23 Proposals to Increase the Value of Healthcare
CMS Closes PPACA Loopholes, IRS Clarifies Credits
Study: Medicaid Expansion Rolls Out “Welcome Mat” for Previously Eligible
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit