Bingham Farms, Michigan-based Health Partners, a provider of healthcare services and specializing in rehabilitation home care programs and private home care solutions, has announced that it is withdrawing from its healthcare business, immediately impacting 560 employees including nurses, nursing assistants, therapists and direct care workers.
The decision was driven by a 2019 Michigan's auto no-fault fee schedule which caps Health Partners' reimbursement rates at 55- percent of what it customarily bills insurance companies to care for injured motorists. And the loss of the company's line of credit following the bank's review of reduced revenues.
Michigan's new fee schedule also set caps for most hospitals, physicians and other specialists at 200 percent of what Medicare pays them.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?