DecisionHealth, DecisionHealth - 2009 Issue 7 (July)

California practices get IOUs instead of payments

What would you do if your Medicaid checks were replaced by IOU letters from your state? Practices in California are struggling to answer this question after the cash-strapped state issued more than $53 million worth of IOUs, including some to physician practices. If you can wait, however, you may earn an extra few percentage points on the money.

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