Get ready for a spate of healthcare bankruptcies.
The sector is facing some ugly realities. Medicaid payments are not keeping up with inflation and the disproportionate number of deaths in nursing homes as a result of COVID-19 may draw stricter regulatory scrutiny, as well as litigation. Additionally, states facing budget crunches will likely reduce reimbursements.
This means anyone in healthcare sector to know the ins and outs of chapter 11.
Reprinted with permission from the July 10, 2020, issue of McKnight’s Long-Term Care News. © 2020 Haymarket Media, Inc. All Rights Reserved. Further duplication without permission is prohibited.
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