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Senate committee looks into $21M CHCC ‘receivables’

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A SENATE committee is looking into $21 million in receivables that could serve as an “alternative funding source” for the Commonwealth Healthcare Corp. 

Chaired by Senate Vice President Jude U. Hofschneider, the Senate Fiscal Affairs Committee is still drafting the Senate version of fiscal year 2021 budget proposal or House Bill 21-124 with less than two weeks left before the start of fiscal year 2021.

In his letter to CHCC Chief Executive Officer Esther L. Muna, he cited a CHCC cash flow report indicating that as of April 30, 2020, the autonomous healthcare corporation had $21,061,771 in receivables since FY 2016.  A significant portion of this figure are the amounts that CHCC stands to collect from four health insurance companies.

He said he is seeking an updated and detailed report of CHCC’s receivables “in light of the ongoing fiscal challenges in the Commonwealth [following] several natural disasters that have passed through our islands, and now with the Covid-19 pandemic,”

He told Muna that his committee wants to “work with your agency in identifying alternative funding sources…in order to provide adequate healthcare to our community….”

During a budget hearing for CHCC on Aug. 25, Muna told the committee that some of the amounts on the list of receivables had already been billed and collected, and that other claims were awaiting adjudication.

Hofschneider said, “If CHCC collects these receivables of $21 million in FY 2020 and FY 2021, their request for $33.3 million in FY 2021…may not be needed.”

He wants to know “why these outstanding receivables have not been collected since FY 2016 while CHCC continues to write off or reduce their outstanding balances that are deemed uncollectible?”


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