a) in desperate financial shape, on the verge of bankruptcy…
b) doing quite well thank you, enjoying very healthy profits…
The answer is…C.
Very briefly, for-profits (there’s lots of nuance here, but generally);
- don’t take Medicaid patients,
- have very strong orthopedic and cardiac surgery practices which are very profitable;
- do their best to avoid/transfer/not care for the uninsured.
- include inner-city and rural facilities that must take Medicaid and
- serve as primary care providers for the indigent and uninsured and
- deliver lots of babies and provide general med/surgical services which are marginally profitable
What does this mean for you?
Hospitals of all types are looking to maximize revenue, especially from very profitable payer types.
Is that you?