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Stormont Vail Health is suing Humana, alleging that the insurance company owes the Topeka hospital more than $850,000 in underpayments. The alleged underpayments stem from a contractual Medicare ...
Vail Health Hospital began as Vail Clinic in 1965 and was staffed by just one doctor, Dr. Tom Steinberg. The first hospital building was constructed in 1967, and it was expanded in 1979. In 1980, the clinic changed its name to Vail Valley Medical Center. By this year, it had 25 full-time doctors on its staff.
These two hospitals were combined in 1949 to form the Stormont–Vail Regional Medical Center. When the regional center merged with the Cotton–O'Neill Clinic in 1996, the governing foundation adopted the new name Stormont–Vail HealthCare , and this was shortened in 2016 to Stormont Vail Health .
Actual Cost: constitutes the reasonable costs that the contractor can prove have been incurred. Target Fee : the basic fee to be paid if the Target Cost matches the Actual Cost (target profit). The Target Fee varies between the Minimum Fee and the Maximum Fee according to a formula tied to the Actual Cost (e.g. Target Fee could be 10% of the ...
Valley Children’s declined to answer The Bee’s questions about how its split-dollar life insurance arrangements function, whether any benefits from the policies are included in the total ...
This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by the contractor plus an additional amount for profit, and with time-and-materials contracts and labor-hour contracts. [1] Fixed-price contracts are one of the main options available when contracting for supplies to governments.
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The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...