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Hospital Accounting: It’s Complicated

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What do hospitals do when the uninsured can’t pay?They aggressively pursue patients for the inflated billings by contracting with collection agencies that use any tactic to secure payment.Patients end up with ruined credit ratings,garnished wages, high-interest rate credit card debt, or bankrupt.According to an online news agency,over 62% of bankruptcies filed last year due to medical bills, 3/4 had medical insurance.

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