FPA Medical files for protection under bankruptcy laws
Article Abstract:
FPA Medical Management, whose future has been called into question by industry analysts, has filed for protection under Chapter 11 of the bankruptcy laws after falling behind on payments to doctors whose businesses it had acquired. The company had disclosed earlier that it had incurred heavy losses which were attributed to debt associated with its acquisitions and risky contracts with managed care companies. BankBoston Corp. is leading a group of 21 banks in providing FPA with credit of up to $50 million.
Comment:
Has filed for protection under Chapter 11 of the bankruptcy laws after falling behind on payments to medical staff
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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(Loosely) managed care is in demand
Article Abstract:
Minimal health plans work to reduce costs mainly by convincing physicians and hospitals to accept lower fees. Health maintenenace organizations (HMOs) meanwhile, attempt to keep a strong hold on its members by having them send all requests for specialized health care to one physician. Preferred provider organizations (PPOs) are loosely managed health plans. Their popularity has been growing. PPOs lure customers away from the older fee-for-service plans and from HMOs, which are more restrictive.
Comment:
PPOs are luring customers away from the older fee-for-service plans and from HMOs, which are more restrictive
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Insurers tighten rules and reduce fees for doctors
Article Abstract:
Several major health insurance companies are reducing fees that are paid to physicians. They are also imposing rigid new regulations that some doctors believe could damage the care of their patients. Doctors are resorting to lawsuits and complaints to state regulators to fight the moves by the health care companies. Numerous health plans and doctor networks have made fairly lucrative payments to physicians in the past.
Comment:
Several major health insur cos are reducing fees paid to physicians and imposing rigid rules that might hurt patient care
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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