July 28, 2011 - News

Winston-Salem Journal reports North Carolina Baptist Hospital settled lawsuit over employee benefit

The Winston-Salem Journal reported that North Carolina Baptist Hospital agreed to pay nearly $5.4 million to settle a federal lawsuit involving health benefits provided by MedCost, an affiliated service provider. Evercore Trust was appointed to determine whether the selection of MedCost as the third party administrator and network provider on behalf of the plan was prudent and, if not, to determine the damages to the plan. The parties ultimately agreed to settle the matter for an amount similar to the damages calculated by Evercore Trust.