Aetna Scored Discount Through Shady Deal, Clinic Claims
Law360, New York (February 23, 2016, 10:11 PM EST) -- Aetna Inc. and subsidiary Coventry Health Care Inc. were hit with a federal complaint Monday by a New Jersey physical therapy provider that claims it was deceived into accepting lower rates to treat Aetna patients when it contracted with Coventry because the insurers failed to disclose Aetna's 2013 acquisition of Coventry.
Riverwalk Physical Therapy LLC claims that it signed a provider contract with Coventry in 2013 at rates below what it normally receives from other insurers, saying it was willing to accept lower payments because it would benefit from a higher volume of patients. The agreement terms stood in stark contrast...
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