Joan Feldman Quoted in Hartford Business Journal Article Entitled "Amid debt covenant breach, consultants recommend AI, efficiencies to improve Bristol Health’s financial position"
Hartford Business Journal
July 24, 2023
Joan Feldman, Chair of Shipman's Health Law practice, was quoted in the Hartford Business Journal article entitled "Amid debt covenant breach, consultants recommend AI, efficiencies to improve Bristol Health's financial position."
According to Feldman, reimbursement by commercial and government payers has not kept pace with the cost of providing high-quality health care, putting pressure on providers, particularly smaller, independent hospitals.
“Without the ability to achieve economies of scale and share resources, standalone community hospitals will continue to be financially challenged,” Feldman said. “Instead of trying to regulate (health) provider costs, greater focus should be on the adequacy of provider reimbursement for its reasonable costs.”