Paduda: Choosing Hospitals - Ignore the Discount, Focus on Cost and Quality
Facility costs are the fastest growing component of workers’ comp medical expense, a reality that is going be exacerbated by the pandemic. As of July, hospital operating margins had dropped by 28% from 2019 levels, leaving facilities reeling as they desperately tried to prepare for the current tidal wave of COVID infections. As hospitals and outpatient facilities see their revenue numbers fall off a cliff, they are desperately looking any and all sources of revenue.
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