Envision Healthcare Corporation
|Company Name||Envision Healthcare Corporation|
On July 24, 2017, The New York Times reported that physicians associated with Envision’s subsidiary EmCare Holdings Inc. were disproportionately likely to engage in practices referred to as “surprise billing” in which patients who go to in-network hospitals are treated by out-of-network doctors and subsequently billed at higher rates.
On this news, shares of Envision fell $2.33 per share or over 3% on July 24, 2017, thereby damaging investors.
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