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Healthcare Bankruptcies: A Financial Risk to Suppliers

kalford Feb 22, 2024 12:00:00 AM

Healthcare Bankruptcies: A Financial Risk to Suppliers

In 2023, there were 1051 healthcare bankruptcy filings, which was a 135% increase over 2022. “Too big to fail” no longer applies to the medical/healthcare industry. Suppliers must take proactive steps to secure their receivables, inventory and equipment, or risk receiving pennies on the dollar in a bankruptcy. Download this resource to learn how creditors providing everything from basic office supplies to extensive operating room equipment have an opportunity to file a UCC to recover funds and repossess equipment.

 
UCC Filings Protect those Supplying to Healthcare Industry

UCC Filings Protect those Supplying to Healthcare Industry

Feb 3, 2020 12:00:00 AM

Download this resource to learn more about the financial risks suppliers face when bankruptcies hit the healthcare industry and what you should do to...

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Benefit of UCCs

Benefit of UCCs

Feb 8, 2017 12:00:00 AM

Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors, like you, to secure your goods by utilizing the personal...

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UCC Filings an Ounce of Prevention

UCC Filings an Ounce of Prevention

Oct 8, 2015 12:00:00 AM

Extending credit is inherently risky, which is why credit professionals take appropriate steps to qualify customers. Credit professionals should not...

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