The cuts would mean physicians who once received Medicaid reimbursements at 90 to 120 percent for an adult would receive only 80 percent. Many physicians say the cuts could force them out of practice.
The DHH said the department failed to meet the Medicaid budget cut deadline because of a computer glitch, according to the report.
Read the WWLTV report on Louisiana Medicaid overpayments.
Read more on recent financial news:
–Economist Proposes Hybrid Payment Model for Medicare
–5 Best Practices for Improving Your Hospital’s Revenue Cycle
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.