Clover Health CEO Vivek Garipalli made millions overcharging NJ hospital patients

[andhra_jp]

Clover Health Chief Executive Vivek Garipalli and his co-founder Jeffrey Mandler are also the owners of CarePoint, a New Jersey hospital chain that has been in the crosshairs of regulators and lawmakers for years for turning a midsized medical center in a blue-collar city into the most expensive hospital in America — reportedly billing a teacher nearly $9,000 for a single bandage.

Before they created Clover in 2014, Garipalli and Mandler founded CarePoint by buying-out three bankrupt non-profit hospitals in Bayonne, Jersey City and Hoboken from 2008 to 2012, according to public records.

CarePoint then converted the medical centers to for-profit business models, eliminating contracts with large insurance companies so they could classify more emergency room patients as out-of-network, according to a 2016 report by POLITICO.

In 2014 the hospital charged a teacher nearly $9,000 to bandage a cut that did not need stitches, NBC New York reported. The following year it reportedly billed a New Jersey man and his insurer more than $17,000 to treat a two-inch cut with five or six stitches.

The hospital also charged notoriously high rates for more serious emergency procedures as well, NJ.com reported, citing a 2011 heart attack with complications at Bayonne that cost $137,483 — compared to $29,940 at nearby Hunterdon Medical Center, $48,399 at Mountainside Hospital in Montclair and $54,562 at Hackensack University Medical Center.

In February 2020, a group of legislators representing Hudson county called on Governor Phil Murphy to investigate CarePoint, saying “the near bankruptcy of the CarePoint hospitals is directly related to the decision by ownership to withdraw unreasonably large sums from their operations for personal profit at the detriment to services and the health care available to Hudson County residents.”

https://nypost.com/2021/06/10/clover-health-ceo-vivek-garipalli-made-millions-allegedly-ripping-off-carepoint-patients/

[andhra_jp]

Clover CEO and CarePoint co-founder Vivek Garipalli purchased an $11 million Hamptons home while running some of the most expensive hospitals in New Jersey.

 

[andhra_jp]

 

Garipalli, who has been accused of price-gouging sick New Jersey residents, paid $11 million for Tory Burch’s former Southampton home in 2011.

[andhra_jp]

[MiryalgudaMaruthiRao]

manodena @Higher_Purpose

[Thokkalee]

23 minutes ago, andhra_jp said:

What’s your point here?? The founder is a gulte and he is a fraud?? 

Clover was targeted by short sellers in 2021 that it kinda became a meme stock like amc… 

[MiryalgudaMaruthiRao]

18 minutes ago, Thokkalee said:

What’s your point here?? The founder is a gulte and he is a fraud?? 

Clover was targeted by short sellers in 2021 that it kinda became a meme stock like amc… 

idi aa Chamath Saadi spac to paying company na?

[Thokkalee]

1 minute ago, MiryalgudaMaruthiRao said:

idi aa Chamath Saadi spac to paying company na?

Yeah.. one of his several spac’s from last year.. 

[vatchesa]

Ikada anni hospitals chesedi ade kada “over charge”

[JambaKrantu]

Manoda kada first adi cheppandi

[AryaD]

22 minutes ago, JambaKrantu said:

Manoda kada first adi cheppandi

Vysya anukunta

[nokia123]

7 hours ago, andhra_jp said:

Clover Health Chief Executive Vivek Garipalli and his co-founder Jeffrey Mandler are also the owners of CarePoint, a New Jersey hospital chain that has been in the crosshairs of regulators and lawmakers for years for turning a midsized medical center in a blue-collar city into the most expensive hospital in America — reportedly billing a teacher nearly $9,000 for a single bandage.

Before they created Clover in 2014, Garipalli and Mandler founded CarePoint by buying-out three bankrupt non-profit hospitals in Bayonne, Jersey City and Hoboken from 2008 to 2012, according to public records.

CarePoint then converted the medical centers to for-profit business models, eliminating contracts with large insurance companies so they could classify more emergency room patients as out-of-network, according to a 2016 report by POLITICO.

In 2014 the hospital charged a teacher nearly $9,000 to bandage a cut that did not need stitches, NBC New York reported. The following year it reportedly billed a New Jersey man and his insurer more than $17,000 to treat a two-inch cut with five or six stitches.

The hospital also charged notoriously high rates for more serious emergency procedures as well, NJ.com reported, citing a 2011 heart attack with complications at Bayonne that cost $137,483 — compared to $29,940 at nearby Hunterdon Medical Center, $48,399 at Mountainside Hospital in Montclair and $54,562 at Hackensack University Medical Center.

In February 2020, a group of legislators representing Hudson county called on Governor Phil Murphy to investigate CarePoint, saying “the near bankruptcy of the CarePoint hospitals is directly related to the decision by ownership to withdraw unreasonably large sums from their operations for personal profit at the detriment to services and the health care available to Hudson County residents.”

https://nypost.com/2021/06/10/clover-health-ceo-vivek-garipalli-made-millions-allegedly-ripping-off-carepoint-patients/

bandage ki 9000 aaa...? itta ayipoyinru emiti baa...

future lo ikkada health care kharchulatho mana SSN 401K ya moolaki raavemo...

better try to be healthy as much as we can...

 

[Telugodura456]

we want the mugshot and prison record @Printcopyscan

After all this guy is accused of making money from poor and sick people.

we want to know his sex life, consultancies, house address and second house address @veerigadu

[andhra_jp]

7 hours ago, Thokkalee said:

What’s your point here?? The founder is a gulte and he is a fraud?? 

Clover was targeted by short sellers in 2021 that it kinda became a meme stock like amc… 

yup primarly antee Bro.... seen in another forum and wanted to share incase anyone missed knowing him...

[Thokkalee]

9 minutes ago, nokia123 said:

bandage ki 9000 aaa...? itta ayipoyinru emiti baa...

future lo ikkada health care kharchulatho mana SSN 401K ya moolaki raavemo...

better try to be healthy as much as we can...

Usually emergency ki velthe, they run a bunch of tests and charge for those tests and diagnosis… diagnosis is expensive.. treatment is different.. all the patient sees is what they got in the end.. 

running an emergency is very expensive as they have to pay the staff and keep the lights on all the time and they charge exorbitant amounts to recover the costs and also make profit.. 

this is a common complaint across the world that emergencies charge a lot.. it is true.. 

urgent cares are far cheaper..