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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.
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 ...
A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for risk and incentive sharing. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
Like a cost-plus contract, the price paid by the buyer to the seller changes in relation to costs, in order to reduce the risks assumed by the contractor (seller). Unlike a cost-plus contract, the cost in excess of the target cost is only partially paid according to a buyer/seller ratio, so the seller's profit decreases when exceeding the ...
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 .
The mission of the V-BID Center is to promote the development, implementation, and evaluation of insurance benefit programs that incorporate demand-side, value-based principles. [5] The V-BID Center uses faculty-conducted research studies to provide evidence to further promote the incorporation of V-BID principles in health insurance benefit ...
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Coinsurance: Instead of, or in addition to, paying a fixed amount up front (a co-payment), the co-insurance is a percentage of the total cost that an insured person may also pay. For example, the member might have to pay 20% of the cost of a surgery over and above a co-payment, while the insurance company pays the other 80%.