New Owners of Jersey City Christ Hospital Severs Contracts With Insurers
The Hudson Hospital Opco which is set to take the reins of the Christ Hospital in Jersey City had terminated the hospital’s 19 commercial health plans contracts starting June 29 this year.
Among the health insurers which received their termination notices are Amerigroup New Jersey, Aetna Health, Cigna Healthcare, Oxford Health Plans, and United Healthcare. This means that patient’s health care plans from among these companies will not be honored anymore by the Christ Hospital.
Hudson Hospital Opco decided to buy Christ Hospital which had already declared bankruptcy. The sale was approved by New Jersey State Health Commissioner Mary O’Dowd on June 19.
It was learned that in their previous engagements with financially struggling non-profit hospitals, Hudson Hospital Opco also terminated the hospitals’ healthcare contracts. In 2008, Hudson Hospital Opco bought Bayone Medical Center, and Hoboken University in 2011. This is being done as to align Hudson’s owned hospital to their in-network business model with Horizon Blue Cross Blue Shield.
Spencer Baretz, spokesman for Bayonne Medical Center describes Hudson Hospital Opco’s action as to that, “Our business model is to be in-network with healthcare insurance companies that provide equitable rates of reimbursement that support the provision of high-quality-care.”
Affected of the said Hudson Hospital Opco move are 1,200 Cigna health care policy holders, 27,000 Aetna customers, and an unidentified number of United Health Care customers.
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