Brentwood, Tenn.-based Quorum Health announced Monday it has made progress in collecting outstanding payments from California and Illinois.
Quorum has received $29 million of the $65 million owed to the company for care provided to Medicaid and state employee patients in Illinois. Quorum said it expects to collect additional payments as Illinois works to reduce its unpaid bill backlog.
The company said it has also received $31 million of $50 million in outstanding payments from the California Hospital Quality Assurance Fee program.
Quorum, the 31-hospital spinoff of Franklin, Tenn.-based Community Health Systems, ended the third quarter of this year with a net loss of $29.2 million on revenues of $499.3 million. That's compared to the same period of 2016, when the company posted a net loss of $7 million on revenues of $543.9 million.
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