August 21, 2015
From Healthcare Financial Management Association

by Rich Daly

Payments from government sources factored into 41 percent of healthcare bankruptcies in 2014, according to a first-time analysis across the healthcare sector.

The large impact of payment changes and delays on these bankrupt companies showed the dramatic changes in the market and the need for companies to adapt, according to Bobby Guy, a healthcare distress attorney at Polsinelli and an author of the report.

“Managers at healthcare companies should view the changes not as a risk but as an opportunity to drive organizational change when internal resistance might otherwise block it,” Guy said in an interview. “Organizational change has become imperative.”