Are North Carolina Non Profit Hospitals Getting Power Hungry?2
In North Carolina, there are several not-for-profit hospital systems that have been spotlighted in recent articles that claim they are taking advantage of significant profits by failing to provide charity care and chasing patients with unpaid bills.
While having medical collections up to date or having a revenue cycle management company help track your billings and collections is an important part of running a hospital business, it is assumed that non-profit hospitals who provide charity care would not pay so close attention to these financial aspects.
The articles published in the Charlotte Observer newspaper have been reporting over the past week on various aspects of a hospital revenue cycle and their collection practices, including a recount of how two hospitals have filed over 24,000 lawsuits in the last five years as a means of recovering unpaid bills.
But are some hospitals really getting power hungry as this week-long series is suggesting? The newspaper, the Observer, is claiming that the Carolinas Healthcare System, for example, is making high profit margins at the expense of the financial health; however Carolinas Healthy System has objected the newspapers claim reporting that their operating margin is a better measure of their profits.
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