Reimbursement changes to cost GRMC $750,000
A reduction in Blue Cross Blue Shield reimbursement will likely affect how much employees at Greater Regional Medical Center (GRMC) will pay for their own benefits next fiscal year.
Matt McCutchan, chief financial officer at GRMC, said Monday, Blue Cross Blue Shield reimbursement rates have plummeted from 70 cents to 60 cents per dollar over the past two years.
McCutchan said those Blue Cross Blue Shield reimbursement changes will likely cause a loss in revenue at GRMC of more than $750,000 by 2014.
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