Mercy Iowa City files for Chapter 11 bankruptcy protection, citing the poor implementation of a new Allscripts EHR in 2022 that has since contributed to problems with coding, billing, and collecting for $189 million in patient services. The hospital has filed a lawsuit against Allscripts, now known as Altera Digital Health, to which it still owes $1.8 million. It is considering a “below-market” acquisition offer of $20 million from the University of Iowa, the value of which has left some bondholders seeking an official investigation into the hospital’s downfall.
5 replies (most recent on top)
The incompetent direct reports?
Paul Black?
Who will MP blame?
And this is a fairly good-sized hospital. How can the tiny sites they are chasing in the middle of corn fields implement this pile of garbage?
Not surprising. 2023-2024 are projected to include record hospital bankruptcies now that the COVID gravy train ended,