NH Business Review
But state Medicaid dispute could derail it
December 21, 2020
“It’s exceedingly complex, but it is significant for the state,” said Andrew Helman, the state’s attorney, referring to New Hampshire’s complicated Medicaid reimbursement formula, which requires LRGHealthcare to pay a $5 million Medicaid Enhancement Tax this spring.
LRGHealthcare has managed to either resolve or put off most objections that were standing the way of the bankruptcy court’s approval of the sale of its assets to Concord Hospital, except for one sticky matter: the state’s concern over a complicated Medicaid reimbursement formula for uncompensated care.
LRGH, which operates hospitals in Laconia and Franklin, hopes to resolve the issue by Wednesday to prevent a contentious bankruptcy hearing that might delay the sale of its diminishing assets.
New-york
United-states
Laconia
New-hampshire
Concord-hospital
Hampshire
Stephen-miller
Andrew-helman
Michaela-fagone
Christopher-desiderio
Robert-lapowsky
Hampshire-hospital-association