Bright Health Under Regulatory Control

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Regulators have Bright Health under close supervision

(Just Now) WEBFlorida has been supervising Bright Health Group Inc.’s operations in the state since last fall and plans to continue until at least May 1, Becker’s Payer Issues reports. Under a supervision

https://www.businessinsurance.com/article/20230317/STORY/912356236/Regulators-have-Bright-Health-under-close-supervision

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Bright Health owes $380M in unpaid payments to federal …

(9 days ago) WEBBright Health hasn't made full payment on its risk adjustment obligations to the federal government and is entering into a repayment plan with health insurance …

https://www.startribune.com/bright-health-owes-380-million-delayed-payments-federal-government-medicare-medicaid-risk-adjustment/600305770/

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Bright Health Group Continues to Make Significant Progress …

(7 days ago) WEBMINNEAPOLIS, September 19, 2023--Bright Health Group, Inc. ("Bright Health" or the "Company") (NYSE: BHG), the technology enabled, value-driven healthcare company, …

https://finance.yahoo.com/news/bright-health-group-continues-significant-104500421.html

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Bright Health Group Continues to Make Significant Progress …

(7 days ago) WEBExclusive of its obligations under the repayment agreements, Bright Health expects to have approximately $105 million in excess cash surplus in Colorado, Florida, …

https://www.businesswire.com/news/home/20230919439597/en/Bright-Health-Group-Continues-to-Make-Significant-Progress-Towards-ACA-Insurance-Business-Wind-Down/

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Insurtech Bright Health touts progress on its ACA wind-down

(8 days ago) WEBBright said it has paid $1.5 billion to CMS already, which represents 80% of its final Affordable Care Act risk obligations. However, the company may just be trying to …

https://www.fiercehealthcare.com/payers/insurtech-bright-health-touts-progress-its-aca-wind-down-risk-adjustment-woes-might-hurt

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SSM Health sues Bright Health over $13M in unpaid …

(2 days ago) WEBBright Health on the hot seat—again—as SSM Health sues for $13M in unpaid claims. By Paige Minemyer Apr 19, 2023 12:44pm. Bright Health SSM Health Lawsuits Health Insurance Exchanges. Due …

https://www.fiercehealthcare.com/payers/bright-health-hot-seat-again-ssm-health-sues-13m-unpaid-claims

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4 recent state moves to take financial control of startup health plans

(Just Now) WEBA district court in Austin found that Friday's Texas subsidiary is insolvent and had not maintained a minimum surplus of $1.4 million under state law. 3. Tennessee …

https://www.beckerspayer.com/payer/4-recent-state-moves-to-take-financial-control-of-startup-health-plans.html

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Bright Health exits 6 states amid financial, operational woes

(1 days ago) WEBBright, which went public in June last year, wants to refocus on growth in markets where it can have a bigger impact. The seven-year-old startup lost almost $1.2 …

https://www.healthcaredive.com/news/bright-health-exit-6-states/622197/

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Bright Health increases the urgency in seeking more capital - Star …

(8 days ago) WEBIn June 2021, Bright Health raised $924 million in the largest-ever initial public offering by a Minnesota company. By December, the company was raising more …

https://www.startribune.com/bright-health-increases-the-urgency-in-seeking-more-capital/600201072/

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States monitoring Bright Health Group's finances

(Just Now) WEBBright Health Group. State regulators are monitoring Bright Health Group’s finances after the insurer was required to transfer nearly $150 million at the last minute …

https://www.modernhealthcare.com/insurance/states-monitoring-bright-health-groups-finances

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Bright Health under Florida regulatory supervision

(9 days ago) WEBFlorida placed Bright Health under supervision in September—which requires the company to obtain permission for transactions exceeding $10,000—but first publicized the action on …

https://www.modernhealthcare.com/finance/bright-health-florida-regulator-supervision-texas-illinois

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Florida is supervising Bright Health's finances - Becker's Payer

(6 days ago) WEBFlorida has been supervising Bright Health's operations in the state since last fall and plans to continue until at least May 1. Under a supervision order extension …

https://www.beckerspayer.com/payer/florida-is-supervising-bright-healths-finances.html

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Insurance startup Bright Health eyes California with 1st payer

(8 days ago) WEBThe deal is Bright Health’s first acquisition of a payer and is expected to close this year subject to regulatory approval by California’s insurance department. The …

https://www.healthcaredive.com/news/insurance-startup-bright-health-eyes-california-with-1st-payer-acquisition/570109/

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Bright Health's Struggles Price Reduction and Regulatory …

(1 days ago) WEBBright Health faces setbacks, reducing the Medicare Advantage sale price with Molina Healthcare to $500 million, down from $600 million. $100 million is held in …

https://distilinfo.com/healthplan/bright-healths-struggles-price-reduction-and-regulatory-challenges/

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Bright, Friday cost ACA risk adjustment program $1.1B: CMS

(2 days ago) WEBThe Centers for Medicare & Medicaid Services (CMS) said Friday in a notice (PDF) that Bright made a "significant payment" toward its 2022 risk adjustment total of …

https://www.fiercehealthcare.com/payers/payers-shortchanged-11b-aca-risk-adjustment-payments-bright-friday-fail-meet-obligations-cms

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Bright Health expands: 3 things to know - Becker's Hospital Review

(4 days ago) WEBThree things to know: 1. The Minneapolis-based health plan will sell Medicare Advantage, individual and family plans in new markets across Florida, North Carolina …

https://www.beckershospitalreview.com/payer-issues/bright-health-expands-3-things-to-know.html

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Bright Health ceases MA operations in Florida in latest business …

(4 days ago) WEBBright is increasingly focusing on its NeueHealth care delivery business, which provides care through 180 owned and affiliated clinics and is expected to make up …

https://www.healthcaredive.com/news/bright-health-ma-exit-florida-california/636227/

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Bright Health Brings Its Innovative Model to Florida in 2020 - PR …

(6 days ago) WEBBright Health has received regulatory approval from the Florida Office of Insurance Regulation and the Centers for Medicare & Medicaid Services (CMS) to offer …

https://www.prnewswire.com/news-releases/bright-health-brings-its-innovative-model-to-florida-in-2020-300939103.html

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Frequently Asked Questions - Bright HealthCare

(3 days ago) WEBPlan costs will vary. You can view plans and get a quote online or call Bright HealthCare at 833-356-1182 and we can help you estimate your costs. You can save by checking to …

https://brighthealthcare.com/individual-and-family/resource/faq

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FLORIDA OFFICE OF INSURANCE REGULATION

(6 days ago) WEBOFFICE OF INSURANCE REGULATION . TABLE OF CONTENTS . In January 2021, Bright Health, Inc.’s name was changed to Bright Health Group, Inc. (“BHG”). …

https://floir.com/siteDocuments/BrightHealth12312020.pdf

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Bright Health rebrands as NeueHealth, distances itself from …

(8 days ago) WEBStruggling Bright Health is rebranding to NeueHealth as it shifts its offerings from insurance toward care management, effective Jan. 29. The business will consist of …

https://www.healthcaredive.com/news/bright-health-rebrands-as-neuehealth-distances-itself-from-insurance-portf/704899/

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Bright HealthCare - Legal & Compliance

(9 days ago) WEBTo report suspected fraud, waste, abuse or other suspicious activity, call Bright Health’s Compliance Hotline at: (855) 208-3766 . If you report suspicious or fraudulent activity, be …

https://brighthealthcare.com/legal-and-compliance

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