WPAHS' bad debt growing nationally
One of the reasons West Penn Allegheny Health System fared so badly in the recently concluded fiscal year, according to a spokeswoman's remarks last week, was because of "much higher bad debt." More than $80 million of it, to be precise. At hospitals across the country, overdue patient invoices are increasingly being converted to the bad debt column. A year ago, the Cleveland Clinic reported that its spending on bad debt had increased 49 percent, to $86 million, for the fiscal year. One driver behind the increase, related partly to the economy as well as the ever-increasing cost of health care, is the growing adoption of higher deductible, higher co-pay health plans.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Handshaking Spreads Germs. Get Over It.
- Healthcare Costs Start With What We Eat
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts
- IOM Identifies GME Problems, Calls for Finance Changes
- Hospitals Likely to Outsource ICD-10 at Launch
- Revenue Cycles Get a Boost from Simple JPEG Files
- Anatomy of 3 Health System Rebranding Efforts
- Physicians to Appeal 'Docs v. Glocks' Ruling in FL