A Brooklyn hospital can directly sue an insurance company for delinquent patient charges under New York’s Prompt Pay Law, a state judge has ruled in what appears to be the first time a private right of action has been explicitly recognized under the statute.
Insurance Law §3224-a, the so-called Prompt Pay Law, permits the collection of overdue bills from insurers plus interest at the corporate tax rate or 12 percent, whichever is higher. Claims usually are initiated by the state’s superintendent of financial services after the agency receives a complaint from a health care provider or a policyholder.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
