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Blue Cross/Blue Shield of Massachusetts reports $57.6 million profit for the 3rd quarter

Health Insurance companies despite the downturned economy are still showing major profits and as stated below maintaining some pretty large “reserve” funds, money that basically just sits there and collects interest, which is some pretty large dollar...

Published Sat, Nov 11 2008 12:19 PM by The Medical Quack

Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, Blue Cross, bankruptcy, Desperate Hospitals, Blue Shield, Venture Capital, Reserve Funds, Profits, Bank
The battle of the medical bills where nobody but the insurers win

I don’t know of one doctor or hospital that is not writing off balances of what the insurance companies are not paying. On top of that it is one administrative nightmare, medical assistants can’t get the time in the consultation rooms with the doctors...

Published Thu, Oct 10 2008 3:26 PM by The Medical Quack

Filed under: Medically Related, Insurance, Pharma/FDA News, healthcare, health insurance, Claims, Hospitals, bankruptcy, Balance Billing, Patients, Sicko
Hospitals protest new California rules on patient balance billing

We still live in a risk management world, one where the Department of Managed Care is shadowed by the power of the insurance companies; laws and regulations just seem to make everyone miserable these days. No matter how you look at it, all the problems...

Published Thu, Oct 10 2008 3:33 PM by The Medical Quack

Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, bankruptcy, Balance Billing, Department of Managed Care
Bankruptcy Bug Hits Hospitals – Desperate Hospitals

Modern Healthcare.com has also published an article about the status of affairs of many hospitals. To read further, click here to review the series I began last month called “ Desperate Hospitals” in where there are several updates and additional...

Published Tue, Sep 09 2008 5:28 PM by The Medical Quack

Filed under: Medically Related, Other Items of Interest, My Commentaries, healthcare, Charity, Budgets, Insolvency, bankruptcy, Economics, Chapter 11, Desperate Hospitals
Desperate Hospitals - Hawaii- What is happening to our Hospital System?

As the old saying goes, things roll downhill and Siemens was the straw that broke the camel's back here. Recently Siemens has been in the news with their own issues with restructuring and lay offs. There are other creditors including Clinical...

Published Sat, Aug 08 2008 3:12 PM by The Medical Quack

Filed under: Medically Related, Insurance, Other Items of Interest, My Commentaries, healthcare, Physicians, FDA, Hospitals, Nursing, bankruptcy, Economics, Desperate Hosptials, Venture Capitalists, Transparancy, Layoffs, Debt consolidation, Overseas Investments, Vendors
More Desperate Hospitals

Two bankruptcies, both are still open for business. BD In Detroit, MI After the bankruptcy, a group of physicians has made an offer to purchase the facility, pending court approval. BD North Oakland Medical Centers Inc. in Pontiac, the hospital...

Published Thu, Aug 08 2008 1:45 AM by The Medical Quack

Filed under: Medically Related, Other Items of Interest, healthcare, Hospitals, bankruptcy
Just one more "Economic Decision"?

So much for feeling good about decisions...but is this where we seem to be headed at times with everything being focused on the dollar and not the quality of healthcare? Hospitals are struggling to come out of bankruptcy and some are starting the...

Published Mon, Aug 08 2008 1:59 AM by The Medical Quack

Filed under: Medically Related, Insurance, Other Items of Interest, My Commentaries, healthcare, bankruptcy, Hospital Bills, Hosital
Desperate Hospitals - Century City Doctors Hospital (Los Angeles) begins shutting down, others file Chapter 11 to reorganize

This is a continuing post about "desperate hospitals" that I started last week. In light of the recent Medicare rules, audits, etc. some hospitals are just not making it. 50% of the hospitals in the country border on insolvency. ...

Published Fri, Aug 08 2008 7:40 PM by The Medical Quack

Filed under: Medically Related, Technology, Other Items of Interest, EMR, healthcare, Medical Records, EHR, Hospitals, bankruptcy, Chapter 11, Open Vista, Chapter 7
Primary Cause of Personal Bankruptcy in America - Healthcare

Interestingly enough, while I was watching this video, my cell phone rings from Anthem Blue Cross with an automated questioning system about taking care of my health, somewhat of a parody as I was reviewing the video for the blog. I went through...

Published Tue, Aug 08 2008 12:17 PM by The Medical Quack

Filed under: Medically Related, Insurance, My Commentaries, healthcare, privacy, health insurance, Marketing, Blue Cross, bankruptcy
Life: Medical bills take toll on personal finances, medical bills, bankruptcy

Every day it seems that I post something related to hospitals and the cost of healthcare as well the new technology that is coming out. This information today from the Orange County Register talks about the high cost of health care. In Orange County...

Published Sat, Jul 07 2008 3:20 PM by The Medical Quack

Filed under: Medically Related, Insurance, Other Items of Interest, healthcare, bankruptcy, Medical Bills, Orange County

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Blue Cross/Blue Shield of Massachusetts reports $57.6 million profit for the 3rd quarter

The battle of the medical bills where nobody but the insurers win

Hospitals protest new California rules on patient balance billing

Bankruptcy Bug Hits Hospitals – Desperate Hospitals

Desperate Hospitals - Hawaii- What is happening to our Hospital System?

More Desperate Hospitals

Just one more "Economic Decision"?

Desperate Hospitals - Century City Doctors Hospital (Los Angeles) begins shutting down, others file Chapter 11 to reorganize

Primary Cause of Personal Bankruptcy in America - Healthcare

Life: Medical bills take toll on personal finances, medical bills, bankruptcy