For Immediate Release
Bravo Health Pledges to Continue Provider Payments While Awaiting Legislative Action Regarding Reimbursement
(BALTIMORE,
MD — December 28, 2009) — Bravo
Health, a provider of Medicare Advantage plans dedicated
to offering beneficiaries access to high quality, cost-effective health
care, today
announced it will not implement the planned 21 percent
reduction in Medicare physician payment rates until the issue is resolved
in Congress. Instead,
Bravo Health will maintain the current 2009 payment
rates and schedules to which its providers are accustomed.
In April, CMS incorporated the Medicare physician payment
cut in its draft calculation of 2010 Medicare Advantage payment rates.
Reductions in Medicare provider payments are put forth almost every year,
but Congress traditionally reverses the proposed cuts before they go
into effect.
"
We are dedicated to preserving the partnership we have
with our providers," said Jeff Folick, president and CEO of Bravo
Health. "We anticipate that there will not be a payment reduction
to physicians. We will follow the issue closely and
expect resolution in early 2010. Until then, we pledge not to make any
adjustments to how
much or when our providers are paid."
About Bravo Health
Founded in 1996, Bravo Health provides Medicare beneficiaries
access to high quality, cost-effective health care. With more than 300,000
members, Bravo Health offers Medicare Advantage health plans in Delaware,
Maryland, New Jersey, Pennsylvania, Texas and Washington, D.C. Additionally,
the company offers Part D Prescription Drug Plans in 43 states. For more
information, visit www.bravohealth.com.
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