Universal Health Sees Q1 Bad Debt Stable

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000406-universal-health-sees-q1-bad-debt-stable/

By Kim Dixon, Reuters

Bad debt is stabilizing in the first quarter at Universal Health Services Inc., one of the biggest U.S. for-profit hospital chains, its chief financial officer said on Thursday.

“We’re only part of the way through, but our general sense is we see a stabilization trend,” CFO Steve Filton said in an interview. “On a macro level, you do see some data out there that the total number of uninsured is not necessarily increasing as dramatically as in prior quarters.”

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