Thursday, September 7, 2023

BCC to Write-Off $10.1 Million in Uncollectable, Bad Debt......So Who's NOT Paying?



This evening the BCC will be asked to "write-off" $10.1 Million in uncollectable bad debt from our EMS division primarily for Ambulance transportation charges unpaid.

This amount represents roughly 14% of our revenue in this division.

The conversation among the board centered on one question---"Who is it that isn't paying"

This afternoon, we received a chart illustrating the breakdown of where the writeoffs are coming from.

 

PRIMARY PAYER

AMOUNT

Percent

26

GOVERNMENT ( Deductible)

$       25,025.22

0.25%

        2,707

COMMERICAL ( Deductible)

$  1,751,494.49

17.23%

8

MEDICAID ( Deductible)

$         3,351.55

0.03%

        2,609

MEDICARE ( Deductible)

$     610,647.72

6.01%

           687

AUTO ( Deductible)

$     490,437.49

4.83%

        8,167

SELF PAY ( No Insurance)

$  7,283,388.49

71.66%

      14,204

 

$ 10,164,344.96

100.00%

 

 

 

 

 

 

 

No comments:

Post a Comment

Comments turned off


Note: Only a member of this blog may post a comment.