LifePoint Nabs $31M Slice Of $3B Medicare Settlement

Law360, New York (April 27, 2012, 5:00 PM EDT) -- Tennessee-based LifePoint Hospitals Inc. on Friday was the latest hospital operator to reveal that it is part of a reported $3 billion industrywide settlement with the federal Medicare agency and will receive $31.3 million in additional Medicare revenue from the deal.

LifePoint, which operates 55 hospitals in 18 states, said in a regulatory filing that it had recognized $31.3 million in additional Medicare revenue and $5.7 million in additional costs for the first quarter of 2012 as a result of the April 5 settlement by the...
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