Fitch Ratings placed $202 million in bonds on a “ratings watch negative” status as HHS’ Office of the Inspector General reviews federal disproportionate share hospital payments made to Mosaic and other Missouri hospitals. “Based on analysis by third-party accountants, management expects this will affect Heartland Health negatively,” Fitch reported.
Mosaic CEO Mark Laney, MD, told News-Press Now two external accounting firms and the state of Missouri confirmed the federal overpayment. Mosaic declined to disclose the estimated number of the overpayment.
Dr. Laney insisted the overpayment and possible credit rating downgrade would not cause long-term harm to the hospital, according to the article.
More articles on finance issues:
BCBS of Tennessee drops ACA plans in state’s 3 largest markets
Humana partners with Spry Labs for hackathon
Medicaid cuts to child therapists allowed by Texas Supreme Court
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
