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How's your bad debt?

March 16, 2012Liz Beaulieu, Editor

It didn't surprise HME consultant Karen Moore when Rotech Healthcare announced this week, as part of its latest financial earnings, that its bad debt was too high and that it would fight to get it under control. Moore, vice president of AnCor Healthcare Consulting, says many HME providers are looking to reduce bad debt as a way to make up for lost revenue. “With all the decreases in reimbursement, that's where you can do some picking up,” she said. “The industry standard is 3% but...

Bad Debt, Financials, On The Editor's Desk