{"id":11089,"date":"2020-08-10T12:37:58","date_gmt":"2020-08-10T17:37:58","guid":{"rendered":"https:\/\/www.billingparadise.com\/blog\/?p=11089"},"modified":"2023-03-16T02:04:34","modified_gmt":"2023-03-16T07:04:34","slug":"lifespan-seems-to-be-ebbing-away","status":"publish","type":"post","link":"https:\/\/www.billingparadise.com\/blog\/lifespan-seems-to-be-ebbing-away\/","title":{"rendered":"Lifespan Seems To Be Ebbing Away"},"content":{"rendered":"<section  class=\"section no\"><div class=\"row\"><div class=\"wpb_column col-md-12 have-padding\"><div class=\"text-block \" ><div class=\"simple-text \"><p><span style=\"font-weight: 400\">Lifespan a non-profit health system experienced a devastating $32.7 million loss due to COVID-19. <\/span><a href=\"https:\/\/emma.msrb.org\/RE1341198-RE1043820-.pdf\"><span style=\"font-weight: 400\">According to the Bondholder<\/span><\/a><span style=\"font-weight: 400\"> documents, the patient volume dropped by 31 percent and that resulted in this enormous loss. With the help of federal grants, they were able to bring down the loss to $6.5 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">They have begun refocusing on nonoperating items and they were able to bring the income upto $4.8million. However\u00a0 it is clear that for Lifespan and many other businesses more tough times are ahead and the challenges seem to be increasing as this pandemic drags on.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lifespan President and CEO Timothy Babineau, MD, said this in an emailed statement to the Providence Journal. &#8220;However, it is quite clear that additional federal and state financial assistance will be absolutely necessary for us to continue to provide the vital healthcare services upon which the state relies during this prolonged recovery period.&#8221;<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Lifespan a non-profit health system experienced a devastating $32.7 million loss due to COVID-19. According to the Bondholder documents, the patient volume dropped by 31 percent and that resulted in this enormous loss. With the help of federal grants, they were able to bring down the loss to $6.5 million.\u00a0 They have begun refocusing on [...]","protected":false},"author":2,"featured_media":11090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[721,841,717,716],"tags":[],"class_list":["post-11089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-billing-collections","category-medical-billing","category-most-popular","category-most-recent"],"_links":{"self":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/comments?post=11089"}],"version-history":[{"count":1,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11089\/revisions"}],"predecessor-version":[{"id":442201,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/posts\/11089\/revisions\/442201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/media\/11090"}],"wp:attachment":[{"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/media?parent=11089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/categories?post=11089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.billingparadise.com\/blog\/wp-json\/wp\/v2\/tags?post=11089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}