A select group of private equity-backed physician practices benefited from the federal process for resolving billing disputes for out-of-network care, collecting payouts well above what insurers would have paid in-network, an analysis of 2023 data shows. About 70% of the 657,000 new cases submitted to arbitration in 2023 came from just four organizations, all backed by private equity: Team Health, SCP Health, Radiology Partners, and Envision. Two organizations — Team Health and Singleton Associates, which is part of Radiology Partners — won more than 90% of their cases in the last three quarters of 2023.
Read the full article: Surprise Billing Law Helped PE-Backed Providers //
Source: https://www.axios.com/2024/08/26/private-equity-payouts-surprise-billing-arbitration