Physical therapy providers are losing some of their reimbursement by the largest health insurance company: Blue Cross Blue Shield Michigan (BCBS).
The downgrade is based on Moody’s perception that HCSC may encounter difficulties integrating the newly acquired Medicare Advantage (MA) business into its primarily commercial insurance operations.
A new Blue Cross Blue Shield of Michigan policy that starts April 1 is expected to result in an average 17% reimbursement cut for physical therapy.
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