St. Louis-based Ascension has reported a $3 billion operating loss on revenues of $28.35 billion in fiscal year 2023 as...

...it struggled to address high operating costs and sustained revenue challenges.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047

Maine health system laying off 31 employees.

 

Lewiston, Maine-based St. Mary's Health System, a member of Knoxville, Tenn.-based Covenant Health, is laying off 31 employees and reducing working hours for additional employees.

In an effort to address financial challenges and ensure long-term sustainability, the health system, which includes a 233-bed acute care community hospital, will also end 2023 with a negative operating margin. The pandemic, low patient numbers and revenue, rising supply and labor costs were also listed as reasons for the layoffs.

The underpayment recovery platform was designed to help hospitals & other medical facilities recoup millions from underpayments by insurers.

They only engage remittance files that clients expect no further revenues. Therefore, their services compliment all other RCM efforts and provides new revenues…100% of the time.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Services being cut....

 A number of healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047