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

Organizational history, Medical Management Services, Office Administrative Services, FPA Medical Management Inc.

---

(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

Marketing procedures, Industry Market Data, Preferred Provider Health Plans, Preferred provider organizations (Medical care)

---

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

Strategy & planning, Services information, Legal/Government Regulation, Medical Care Insurance, Physicians & Surgeons, Offices of Physicians (except Mental Health Specialists), Health insurance

Similar abstracts:

• Abstracts: The backlash against managed care. Small firms' new retirement choices
• Abstracts: Price-fixing trial begins for 3 ex-Archer officials. A new indictment is issued in the Columbia/HCA case. Bill to limit prosecution of hospitals loses support
• Abstracts: BankAmerica and 2 other big banks suffer Russia losses. Visa U.S.A. votes to continue ad effort based on its brand
• Abstracts: Japan tries to halt selloff in bank's shares. Japan's lower house clears $508 billion bank rescue. Bank reform, not bankruptcy, is the big talk in Tokyo
• Abstracts: Was the Victoria's Secret show a Web failure? Hardly. There's no such thing as bad publicity

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.