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Which hospital financial characteristics are associated with medical debt?: hospital profitability, the provision of charity care, and medical debt in hospital markets
Which hospital financial characteristics are associated with medical debt?: hospital profitability, the provision of charity care, and medical debt in hospital markets
Medical debt affects families’ financial health and well-being. People with medical debt are likely to forgo needed medical care and face an elevated risk of personal bankruptcy. In a recent brief, we explored which county characteristics were correlated with medical debt and found that an area’s underlying health and health insurance coverage were the most predictive factors of the county’s share of adults with medical debt in collections. In this fact sheet, we explore whether hospitals’ operating margins and charity care have any clear correlation with medical debt in collections at the hospital market level, defined by hospital referral regions (HRRs).
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