Healthcare

Hospitals nationwide are projected to lose more than $120 billion during the second half of 2020 — largely due to the COVID-19 pandemic — according to a study released by the American Hospital Association. The $120 billion that is projected to be lost during the second half of this year …

Homeless individuals who are saddled with medical debt remain homeless for at least an additional two years longer than those who do not have any healthcare debts, according to a new study released by the University of Washington. In many cases, even a small amount of medical debt — $300 …

A magazine in Kansas has published a deep-dive feature looking at the collection practices of a hospital in the state, one that reportedly accounts for two-thirds of the collection lawsuits filed by all healthcare facilities. But unlike many of the other articles that have done similar investigations, this one attempts …

For healthcare providers, the bad news is that daily total patient payments declined 47% between mid-March and mid-May, largely due to the coronavirus pandemic, according to data that was released last week by TransUnion. The good news, though, is that point-of-service collection fees were 42% higher during the same time …

The hypothesis that if more patients were able to understand their medical bills, more people would pay them helped lead a former doctor to raise more than $100 million for his startup company, Cedar. For Florian Otto, who started Cedar in 2016 with co-founder Arel Lidow, it was his wife’s …

A group of five plaintiffs have filed a class-action lawsuit against the Kentucky Department of Revenue and UK Healthcare, alleging the debt collection practices used by the defendants violate the patients’ right to due process. A copy of the complaint, in the case of Alexander et al v. Miller et …

RI RCM announced yesterday that it is purchasing RevWorks, the revenue cycle management arm of Cerner. R1 is spending $30 million on the acquisition, according to published reports. A filing with the Securities and Exchange Commission made by R1 in relation to the acquisition indicated that the amount will be …

It will likely not come as a surprise to anyone, but hospitals across the country had their worst financial month ever in April, as revenue and expenses moved in opposite directions, but not in the good way, according to a report. Overall, hospital’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and …

A Texas hospital cited in a report for filing the second-most debt collection lawsuits during the past two years in the Lone Star State is standing up and defending its actions, saying that lawsuits are always a “last resort” to try and collect on an unpaid debt. Cedar Park Regional …

A number of hospitals and healthcare facilities in Texas, along with the collection law firms that represent them, are the subjects of a report that was issued yesterday, indicating that individuals were still being sued for unpaid debts even after the governor declared a state of emergency in the Lone …