A local cardiology practice says CDPHP owes Capital Region providers millions of dollars in payments.
Area healthcare providers are waiting for CDPHP to reimburse them for services rendered in 2024, Capital Cardiology Associates said.
The situation is putting a burden on local providers, and the situation is not sustainable. CDPHP responded, saying this company is facing “unprecedented financial pressures” that are also impacting health plans across the country.The insurance company says because of this, it made the decision not to return its 2024 provider withhold, which is a portion of health care dollars that a health plan keeps as part of an agreement with doctors, the company’s chief financial officer says…