Philippine Health Insurance Corporation (PhilHealth) chief Dante Gierran said on Tuesday, Feb. 2 that 94 percent of the missing and ‘stolen’ P15 billion has already been liquidated.

According to Gierran during a House hearing, P14.09 billion that was released to health care institutions (HCIs) under the Interim Reimbursement Mechanism (IRM) has been liquidated as of Feb. 1.

“With respect to the IRM of almost P15 billion, I would say, there were no missing funds. Right now, these hospitals have already made liquidation of these advances we made consisting of 94%,” Gierran said in a statement.

The Philhealth chief also noted that the missing funds are already accounted for in the hospitals.

“Ang gusto kong malaman ng buong bayan, with respect doon sa IRM, walang nawalang pera. Nasa mga hospitals po ito. Accounted yan. Other cases, I do not know. Spare me,” PhilHeath president added.

Read: 92% of P15B 'stolen funds' liquidated, PhilHealth chief says

In August last year, resigned PhilHealth anti-fraud legal officer Thorrsson Montes Keith revealed that the ‘PhilHealth mafia’ composed of the agency’s highest executive committee pocketed P15-B worth of funds.

He referred to the “syndicate-like” implementation of IRM, the procurement of “overpriced” information and communication technology equipment.