Healthcare provider bankruptcies, while down from their peak a year ago, still far outpace overall bankruptcies, according to a new report from the law firm Polsinelli. Overall Chapter 11 bankruptcy filings dropped 50% in the fourth quarter of 2019 compared with the same period in 2010. Healthcare bankruptcies, by contrast, increased 125% in that time, according to the report, which tracks all Chapter 11 filings with assets over $1 million. But there may be some good news for healthcare providers. Polsinelli’s healthcare distress research index declined more than 225 points in the fourth quarter of 2019 year-over-year. The distress index measures bankruptcy filings on a trailing, four-quarter basis to smooth out volatility and provide a better picture of long-term trends.
Read the full article: Healthcare Bankruptcies down from Last Year’s High, but Don’t Expect Full Rebound //
Source: https://www.modernhealthcare.com/finance/healthcare-bankruptcies-down-last-years-high-dont-expect-full-rebound