Community Health Systems’ second-quarter results are a warning to hospital leaders that rising self-pay volume is becoming a significant threat to margins. During its second-quarter earnings call, Franklin, Tenn.-based CHS outlined how a rapid rise in uninsured and self-pay volume — much of it tied to ACA exchange churn and disenrollment — is eroding revenue even as demand in some settings holds up. Uninsured and self-pay patients rose to just over 6% of visits from just under 5% a year earlier, a roughly 20% jump.
Read the full article: ‘Pennies on the Dollar’: CHS CEO Warns Self-Pay Surge Is Crushing Margins //
Source: https://www.beckershospitalreview.com/finance/pennies-on-the-dollar-chs-ceo-warns-self-pay-surge-is-crushing-margins/