Radiology benefits management firm CareCore National of Wappingers Falls, NY, said it plans to appeal an $11 million verdict against the firm awarded in November in an antitrust lawsuit.
The case was filed by radiology groups Stand-Up MRI, a provider of Upright MRI services, and Health Diagnostics in July 2008 in U.S. District Court for the Eastern District of New York. The groups charged CareCore with conspiring to unreasonably restrain trade in the New York area market for commercially insured outpatient radiology procedures, denying the groups access to thousands of patients.
A jury awarded the plaintiffs more than $11 million in damages, which are to be trebled by law. The total judgment, with costs and attorney fees, is expected to be close to $40 million, according to a statement by the plaintiffs' law firm Constantine Cannon.
CoreCore plans to appeal the verdict, according to Michael Joslin, executive vice president.
"CareCore is very disappointed in the jury verdict that was issued on November 30," Joslin told AuntMinnie.com via e-mail. "We continue to believe that we acted properly, in compliance with the law, and in the interest of quality cost-effective healthcare. We will pursue all available appeals and are confident that we will ultimately prevail. The court's decision has had no impact on our ongoing operations or CareCore's ability to perform the services we offer."
CareCore is a benefits management company used by most insurers in the state of New York, including UnitedHealthcare, Oxford Health Plans, and Aetna.
Related Reading
Jury awards $11M in CareCore antitrust case, December 2, 2010
Date set for CareCore federal antitrust trial, July 23, 2010
CareCore settles with NY imaging firm, March 22, 2010
CareCore antitrust lawsuit gets trial date, June 18, 2009
CareCore endorses Image Gently campaign, November 12, 2008
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