RevCycle Intelligence October 21, 2020
Hospital execs in a new survey also reported increases in uninsured, self-pay, and Medicaid patients, which when coupled with high expenses and low volumes spells trouble for hospital financial viability.
A new survey of hospital executives and finance leaders has found that bad debt, uncompensated care, and self-pay patients have all gone up since the start of the pandemic, adding to other revenue and clinical challenges.
The survey conducted by consulting firm Kaufman Hall in August 2020 showed that more than 40 percent of respondents have seen increases in bad debt and uncompensated care (48 percent), the percentage of uninsured or self-pay patients (44 percent), and the percentage of Medicaid patients (41 percent).
Meanwhile, about 38 percent of hospital leaders...
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