Healthcare Innovation October 25, 2024
“We just continue to see a slow ramp-up in denials as well as the time frame for the adjudication process,” CFO Kevin Hammons told analysts a week after UnitedHealth executives complained of some providers being “aggressive” with claims.
Community Health Systems Inc. has become the latest to take a tumble during the never-ending tussle between payers and providers.
Shares of the Tennessee-based, investor-owned healthcare company lost nearly a third of their value on Oct. 24 and 25 after its leaders reported third-quarter earnings dented in the short term by damage from the Southeast’s recent hurricanes but more broadly by insurers denying a greater number of the company’s claims. That trend—which surfaced early this year after many patients in 2023 began...
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