Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Vanguard Health Unit Not Awarded Arizona Medicaid Agency Contract - Quick Facts

Vanguard Health Systems, Inc. (VHS: Quote) said that its Phoenix, Arizona health plan subsidiary, VHS Phoenix Health Plan, LLC failed to win a new contract with Arizona's Medicaid agency for an acute care program.

The company said that VHS Phoenix Health Plan received a letter from the Arizona Health Care Cost Containment System or AHCCCS on Friday March 22, 2013, informing that PHP was not awarded an acute care program contract for the program year commencing October 1, 2013.

Under its current contract with AHCCCS that expires on September 30, 2013, PHP covers members in nine Arizona counties: Apache, Coconino, Gila, Maricopa, Mohave, Navajo, Pima, Pinal and Yavapai. PHP has served Arizona residents since 1983.

PHP had submitted its bid pursuant to the terms of AHCCCS's request for proposal. As an unsuccessful incumbent acute care contractor in Maricopa and Pima counties, filed a formal request on March 23, 2013, to receive a capped contract in those two counties.

If AHCCCS exercises its discretion to grant PHP's request with respect to either or both of those counties, PHP would continue to provide services to its existing members in those counties under the terms and conditions of the RFP, but would not receive any new members as long as enrollment remains capped. PHP anticipates a response to its formal request by March 31, 2013.

PHP also has the right to protest AHCCCS's decision. If it chooses to do so, PHP must file its protest no later than April 1, 2013.

Register
To receive FREE breaking news email alerts for Vanguard Health Systems, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.