Illinois Owes at Least $32 million to Peoria Hospitals

The state of Illinois owes Peoria healthcare providers at least $32 million, mostly in late Medicaid reimbursements, according to the Peoria Journal Star.

Advertisement

The state is five months and $25.6 million behind in bills owed to OSF Saint Francis Medical Center, owes Methodist Medical Center $5-$6 million, and Proctor Hospital about $1.6 million.

Often, these bills are several months old, according to the report.

The state’s backlog of unpaid bills this November was the highest it has ever been—almost $4 billion. It could rise to $5 billion by March.

In an effort to tackle its rising debt, the state has entered into a $1.4 billion short-term borrowing arrangement this month.

Read the Peoria Journal Star’s report on the owed Peoria Medicaid reimbursement.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.