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midtownclt

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  5. Vanguard Charlotte Corporate Center - University Research Park

    in Charlotte

    Posted

    "Centene settlement with South Carolina raises total payout to $964.8M"

     

    "The pact is the latest in a string of settlements since 2021 that Centene has reached with at least 18 state governments totaling $964.8 million. In a June 2021 regulatory filing,

    Centene said it had set aside $1.1 billion in reserve related to allegations in several states regarding its pharmacy benefit management practices."

    from the Charlotte Business Journal 

  9. Charlotte/Raleigh Highrise Building Booms

    in Charlotte Coffee House

    Posted

    From the TRIANGLE BUSINESS JOURNAL FEB 2023 about the 400H tower in downtown Raleigh

    New Raleigh tower searches for tenants as completion nears

     Downtown Raleigh's newest high-rise is on track to open this year but has yet to sign a single office or retail tenant. 

    AND ...

    The big Triangle projects to watch as economy teeters

    As the macroeconomic picture shifts and access to capital dries up, companies will be re-evaluating their strategies for shiny new towers and major expansions.

    I can't access the article in the Triangle Business Journal but I wonder about the impact on all the proposed projects in Raleigh and maybe some in Charlotte as well.  

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  10. Vanguard Charlotte Corporate Center - University Research Park

    in Charlotte

    Posted

    NCPA February 10, 2023

    California announced a massive $215 million settlement with Centene less than a week after the announcement that Indiana reached a $66.5 million settlement with Centene for overcharges to the state Medicaid program. Here’s the tally so far: in December, Oregon reached a $17 million settlement with Centene for overcharges to the state Medicaid program, and Iowa agreed to a $44 million settlement agreement. Those settlements followed announcements of Centene’s settlements with Texas ($165.6 million), Massachusetts ($14 million), and Washington state ($33.3 million). Over the past two years, Centene entered similar settlements (made public so far) with 14 states, including Arkansas, California, Iowa, Illinois, Indiana, Kansas, Massachusetts, Mississippi, New Hampshire, New Mexico, Ohio, Oregon, Texas, and Washington. Additionally, it has been reported that a total of 17 states, totaling $939 million, have reached settlements. In 2021, it was announced that Centene had put aside $1.25 billion for settlements with states.

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  12. Vanguard Charlotte Corporate Center - University Research Park

    in Charlotte

    Posted

    NCPA December 15, 2022

    Oregon and Iowa became the latest states to enter into a settlement agreement with Centene for overcharges to the state Medicaid program, reaching a $17 million settlement agreement and a $44 million settlement agreement respectively (Oregon settlement news and Iowa settlement news). This comes on the heels of the company's recent settlement with Texas ($165.6 million), Massachusetts ($14 million), and Washington state ($33.3 million).

    In the last two years, Centene entered similar settlements with Arkansas, Iowa, Illinois, Kansas, Massachusetts, Mississippi, New Hampshire, New Mexico, Ohio, Oregon, Texas, and Washington. Additionally, there is likely an unnamed state as Centene reported they have entered into settlement agreements with a total of 13 states. To date, Centene has paid almost $500 million to states for Medicaid overcharges. In 2021, it was announced that Centene had put aside $1.25 billion for settlements with states. Please share this information with your state policymakers as just another example of why Medicaid managed care programs need major reforms. These practices not only harm patients and pharmacies, but taxpayers as well. Also, NCPA has a resource with recommended Medicaid managed care pharmacy payment reforms.

    NCPA
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    Charlotte area "ring cities"

    in Charlotte

    Posted

    Restoration efforts in downtown Kings Mountain including updated streetscape.

    #1 - Former Imperial Theater conversion to lofts and retail.

    #2 - Former Griffin Drug store.

    #3 - New dining option 133 West.

    #4 - Former First National Bank.

    #5 - Part of the former Belk Department Store converted to events venue.

    #6 - Former 1949 Joy Movie Theater, now a performing arts center with plans for more restoration and expansion.

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    • Like 7

  21. Vanguard Charlotte Corporate Center - University Research Park

    in Charlotte

    Posted

    NCPA September 26, 2022

    Yet another state has entered into a settlement agreement with Centene. The latest: Texas had entered into a $165.6 million settlement with Centene for overcharges to the state’s Medicaid program. This is the largest state settlement with Centene to date. This is on the heels of the announcement by the Washington state attorney general that Centene would pay the state $33.3 million for overcharging Medicaid. This happened while there is an ongoing battle between Washington’s Medicaid managed care pharmacy program and pharmacists over Medicaid dispensing fees that are well below the national average. Centene’s settlements with Texas and Washington state over fraudulent practices follow similar settlements with Mississippi, Kansas, New Hampshire, Ohio, New Mexico, Arkansas, and Illinois. Additionally, there are likely several unnamed states that have entered or will enter into a settlement agreement. To date, Centene has paid $475 million to states for Medicaid overcharges. In 2021, it was announced that Centene had put aside $1.25 billion for settlements with states.

    NCPA
    • Sad 1

  25. Vanguard Charlotte Corporate Center - University Research Park

    in Charlotte

    Posted

    Problems never seem to end for Centene:

    NCPA August 26, 2022

    The Washington State Attorney General last week announced that Centene would pay the state a whopping $33.3 million for overcharging Medicaid. Attorney General Bob Ferguson called this Medicaid fraud recovery “the second-largest in state history.” The breakdown of settlement: $19 million to the state of Washington, $13.3 million for the federal portion for administration of state Medicaid program, and $1 million to the whistleblower. This happened while there is an ongoing battle between Washington’s Medicaid managed care pharmacy program and pharmacists over Medicaid dispensing fees that are well below the national average. Centene’s settlement with Washington state over fraudulent practices in Medicaid is far from its first. In the last two years, Centene has entered into similar settlements with Mississippi, Kansas, New Hampshire, Ohio, New Mexico, Arkansas, and Illinois.

    NCPA
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