Thursday, December 20, 2012

Physicians' Network Plans To Cut Coventry Ties


More than 700,000 Kentuckians receive insurance through Medicaid. The Physicians' Network, a group of 550 independent physicians in Central Kentucky, has announced plans to cut its ties with Medicaid provider Coventry Cares of Kentucky. Dr. Ralph Alvarado, president of the network, says Coventry had told the group that it would begin to pay less than the established Medicaid rate in reimbursements, as much as 10 percent less for care from specialists. Alvarado says doctors now taking Medicaid are making a slim profit at best. Coventry says the decision would not take effect until March 7th, and it remains committed to continuing negotiations and trying to find common ground