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 amounts and the related reading below will give some...
Posted to
The Medical Quack .... by Barbara Duck
on 11-15-2008
Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, Blue Cross, bankruptcy, Desperate Hospitals, Blue Shield, Venture Capital, Reserve Funds, Profits, Bank
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 as they are tied up on administrative functions...
Posted to
The Medical Quack .... by Barbara Duck
on 10-23-2008
Filed under: Medically Related, Insurance, Pharma/FDA News, healthcare, health insurance, Claims, Hospitals, bankruptcy, Balance Billing, Patients, Sicko
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 these days come from one source, lack of payment...
Posted to
The Medical Quack .... by Barbara Duck
on 10-16-2008
Filed under: Medically Related, Insurance, healthcare, health insurance, Hospitals, bankruptcy, Balance Billing, Department of Managed Care
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 hospitals included. Also included is some...
Posted to
The Medical Quack .... by Barbara Duck
on 09-23-2008
Filed under: Medically Related, Other Items of Interest, My Commentaries, healthcare, Charity, Budgets, Insolvency, bankruptcy, Economics, Chapter 11, Desperate Hospitals
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 Laboratories of Hawaii, Ewa Beach, $3.9 million;...
Posted to
The Medical Quack .... by Barbara Duck
on 08-30-2008
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
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 to be sold in October to a group of senior physicians...
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 trek, so I hope this does not continue to be the...
Posted to
The Medical Quack .... by Barbara Duck
on 08-25-2008
Filed under: Medically Related, Insurance, Other Items of Interest, My Commentaries, healthcare, bankruptcy, Hospital Bills, Hosital