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

Denials accounted for 11% of all claims in 2022.

 

 Learn how you can fight the rising tide of bad debt — while keeping patients happy!

Let's start a conversation with the president/owner of our UnderPayment Recovery Platform to see results like this. Purely on a contingency basis on accounts you have given up on.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047

Manual underpayment recovery processes can drag down the bottom line.

Learn how this platform solution can cut denials, boost payments and drive your bottom line, all with no upfront fees. 

Let me set a call with the president/owner of our UnderPayment Recovery Platform to see results like this.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047

HOSPITAL UNDERPAYMENT RECOVERY SYSTEM

 

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047

The most successful healthcare organizations are targeting transformation.

Learn how 1,000+ leaders are applying this platform to boost hospital revenue w/o any upfront costs.

Larry G. Potter

Senior Underpayment Recovery Advisor

Lgpotter33@gmail.com

Text: 1-847-872-4047

This is very disturbing!!

12% of U.S. clinicians, care delivery leaders and healthcare executives do not believe their organization's financial health will ever recover to pre-pandemic levels. 

54% of respondents said their organization's financial health is somewhat or significantly worse than before COVID-19, despite rebounding patient volumes.

A fundamental challenge in the healthcare system at large is that the reimbursement mechanisms, which come from the payers, are not keeping up with the cost of healthcare along with millions in underpayments from insurers.

Now, if a hospital or medical center has a minimum $2M annual in payer revenue with their top 3 payers, a new underpayment recovery platform is available with a typical result of 10%-20% of gross payer receipts in recovery.

The owner/president of the platform is ready to have a conversation with you to explain the process and answer any questions you may have.

Larry G. Potter

Lgpotter33@gmail.com