They appear to be hanging tough on Anthem-their state’s largest insurance companies recent attempt to disintermediate a physical therapy network and give all PT’s a “take it or leave it” contract of up to a max $75 per visit.
This article points out an eightfold increase in profit by Wellpoint the parent company of Anthem. Without question, the Draconian cut in reimbursed rate for PT could contribute to them even making more money next quarter .(yes, more than the 2.7 Billion they earned during Oct-Dec 2009)
But, PT’s are not caving according to this article which may ultimately result in rolling back the Anthem effort since it will leave significant gaps in coverage and patients unable to access services.
Keep it up California! Your leadership is significant and will encourage PT’s throughout the US to not be “scared” into signing low paying contracts that prohibit providing quality services.
