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Podcast: Financial Residency
Episode: Coffee and Contracts - Hospitals are dropping Medicare Advantage plans left and right_ 13 updates - 29 November 2023
Description: Jon discusses the increasing trend of hospitals dropping Medicare Advantage plans, emphasizing the importance of understanding how healthcare providers get paid. Jon from Contract Diagnostics, highlights the potential impact on clinics and providers, as Medicare Advantage covers a significant portion of seniors. The article quotes Scripps Health, stating that hospitals are adopting a strategy of "delay, deny, and not pay" for Medicare Advantage. Jon urges healthcare providers to be aware of the potential consequences on patient volumes, income, and compensation schedules, emphasizing the uncertainty of the situation. Contract Diagnostics, a consulting service, offers as...