Medicaid Bankruptcy Court Ruling Could Turn Around Aging Facilities

U.S. Bankruptcy Court Judge Michael Williamson recently issued a ruling that prevented Medicaid from closing down a struggling nursing home.

The Wall Street Journal reports, “The ruling caught the attention of financial advisers and bankruptcy professionals who said the ruling could help them convince federal health regulators that a once-struggling health-care facility deserves another chance, especially if that facility is at risk of losing its provider agreement.”

This will be welcoming news to many facilities around the country “struggling with several years of congressionally mandated cuts to the amount of money that the Medicare and Medicaid programs pay them for care.” Research “has found health-care-related business bankruptcies are climbing even as overall corporate filings have fallen.”

Summary By MedicalGroups.com

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