"Hospitals and insurers regularly renegotiate rates, but those discussions are usually handled behind closed doors and are typically resolved before patients feel an impact.
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"Hospitals and insurers regularly renegotiate rates, but those discussions are usually handled behind closed doors and are typically resolved before patients feel an impact.
But in recent years, many negotiations have become more fraught, often spilling out into public view as both sides put out statements defending their position. When that happens, it’s usually a bad sign for patients."
#healthcare #insurance #hospitals #networks #medicare #business #contracts
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I med-mastodon.com shared this topic
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"Hospitals and insurers regularly renegotiate rates, but those discussions are usually handled behind closed doors and are typically resolved before patients feel an impact.
But in recent years, many negotiations have become more fraught, often spilling out into public view as both sides put out statements defending their position. When that happens, it’s usually a bad sign for patients."
#healthcare #insurance #hospitals #networks #medicare #business #contracts
@bicmay I briefly went through this a couple of years ago with my plan and the hospital system that has the only hospital and most of the providers in the entire area (and across much of the state). People were terrified. It got sorted out, but if it hadn’t, it would have been devastating. No “officials” seemed to have a plan for what to do if these businesses hadn’t stopped having a fight with each other.
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@bicmay I briefly went through this a couple of years ago with my plan and the hospital system that has the only hospital and most of the providers in the entire area (and across much of the state). People were terrified. It got sorted out, but if it hadn’t, it would have been devastating. No “officials” seemed to have a plan for what to do if these businesses hadn’t stopped having a fight with each other.
Now I'm curious how common this is! Where I live, one of the hospital systems had a public spat with an insurance company as they negotiated contracts for the year. They even took out billboards and newspaper ads. They didn't reach an agreement til around March or April that year.
