“This will be a $50 million hit to our bottom line,” said Fran Spreer Albert, AMC’s chief operating and financial officer. CDPHP, she explained, makes up about 25 percent of the $1.5 billion in payments that the hospital gets in a year. There are 16,225 claims with CDPHP that have not been fully satisfied so far, the hospital claims.

The hospital says the insurer withheld at least $50 million from Albany Medical Center for care it provided to CDPHP customers. The hospital says it has not received a formal response from CDPHP.

Albany Med Health System has filed legal action against the Capital Region Physicians Health Plan, Inc. (CDPHP) for refusing to give the hospital roughly $27 million for provided care. Hospital officials said the insurance company allegedly defrauded 16,

The lawsuit was filed in state Supreme Court in Albany County on Tuesday. Albany Med said it has also complained to the Department of Financial Services, the state agency that regulates insurers. “Just as Albany Med finds itself in a position to finally stabilize finances,