The decision will affect patients with Medicaid plans through IlliniCare, Meridian, Molina Healthcare and Blue Cross Blue Shield.
Mercyhealth said a reduction of income from Medicaid and other health insurance providers, combined with COVID-19 challenges, led to the decision.
The hospital’s agreements with IlliniCare, Meridian and Molina will end July 21, and its agreement with BCBS will end Oct. 22.
Read more here.
More articles on payers:
UnitedHealth exec pay: 3 things to know about 2019’s highest-compensated leaders
UnitedHealth considers rebates as claims costs for elective surgeries fall
900 furloughed MUSC employees to get insurance paid for by donations
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
