Our Lady of Lourdes Regional Medical Center, one of several hospitals in the Franciscan Missionaries of Our Lady Health System, announced late Thursday that the impasse between FMOL and Blue Cross Blue Shield of Louisiana has been broken and both sides have agreed on terms of a new contract that will extend until April 30, 2012. Just days ago it appeared a new contract would not be reached, which would have knocked FMOL hospitals out of the Blue Cross network, leading to thousands of dollars in out-of-pocket expenses for Blue Cross customers using FMOL services.
According to The Advocate, Mike Reitz, chief executive officer for Blue Cross, said in a conference call Thursday night that the 27-month contract is the same one it offered to FMOL on Jan. 8. However, neither side is disclosing terms of the deal.
“The agreed upon rate adjustment is enough to cover the cost of doing business and we are satisfied with the outcome,” said Lourdes Community Relations Director Elisabeth Arnold in a Thursday press release. “In the end, this is the reasonable contract that should have been resolved two months ago.” Contacted Friday, Arnold declined to offer specifics: “Substantial concessions have definitely been made by both sides,” Arnold tells the INDsider.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.