Nearly $1 million in class-action settlement funds collected by HASC endorsed business partner MCAG are being delivered to association members this month. The proceeds derive from a single court-mandated settlement — with more checks expected soon for hospitals enrolled in the service.

MCAG, or Managed Care Advisory Group, automatically signs up participating hospitals and health systems to class-action settlements for which they’re eligible.

“The beauty of the program is MCAG takes care of the details,” HASC Association Services Director Kimberly Johnson explained. “Once members are signed up, they’re added to new claims without any action required on their part.”

Scroll down for additional information including an enrollment link.                   

Last month, Johnson visited operators of Ventura County’s Aurora Vista del Mar Hospital, severely damaged in last month’s Thomas Fire, to deliver one of the first checks written as part of a settlement linked to allegedly overpriced polyurethane foam in beds and furniture. A total of 26 systems and facilities are now receiving similar checks, which range in size from about $5,000 to more than $105,000.

Depending on the date of enrollment, HASC and MCAG may have filed into as many as six settlements on behalf of organizations, including:

• The polyurethane foam settlement
• Two Cipro antibiotic settlements
• An optical disk drive settlement
• A cathode ray tube settlement
• A lithium ion battery settlement

Additional Settlement Opportunities*

All HASC member systems and facilities are eligible for MCAG’s service. Since the start of the association’s relationship with MCAG, more than 100 members have enrolled. Consider signing up for this valuable service if your organization hasn’t already.

The following settlements are now open with funds available:

• Lithium ion battery settlement: $64 million. Deadline extended to: Friday, Jan. 19. Health care organizations that purchased lithium ion battery products including (but not limited to) laptop and tablet computers, mobile phones, and power tools anytime from Jan. 1, 2000 through May 31, 2011 can receive cash from this settlement.
• LIBOR OTC manipulation settlements: $250 million (and growing). Deadline for $130 million fund via Citibank: March 29. Available to health care organizations that completed US LIBOR based transactions such as interest rate swaps from 2007 to 2010.
• Menactra (Sanofi) pediatric vaccine settlement: $61.5 million. Deadline: Jan. 18. Health care organizations that purchased Menactra directly from defendant Sanofi Pasteur Inc. or any of its divisions, subsidiaries, predecessors or affiliates, such as VaxServe, Inc., during the period from March 1, 2010 through and including Dec. 31, 2014 may be eligible to receive cash recoveries.

*MCAG will submit claims to these settlements for members who have already enrolled with the service. An MCAG account manager will contact enrollees if any information is needed to complete your claim.

The enrollment process with MCAG is fast, easy, and has no upfront fees. You will enroll in the SRS directly with MCAG. HASC members receive a discounted contingency fee of 20 percent, versus MCAG’s standard fee of 25 percent.

Follow these steps to sign up:

1. Click here to visit MCAG’s website for HASC members.

2.  Click the “Enroll Now” button in the center of the page.

3.  Enter in your business information; no additional action is required.

You may also enroll via a hard-copy agreement, attached below (redlines are acceptable).

With any questions, please contact Kimberly Johnson, HASC’s director of association services.

Contact:
Kimberly Johnson
(213) 538-0772
kjohnson@hasc.org