Borrego Health Financial Problems

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Nearly two years after FBI raid, Borrego Health sues …

(5 days ago) WebDetails of the deal, which includes the Arlanza Health Center and Eastside Health Centers A and B, all based in Riverside, were expected to be negotiated by Sept. 1, Borrego Health said in a July

https://www.sandiegouniontribune.com/news/watchdog/story/2022-08-06/borrego-health-rico-lawsuit

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From an FBI raid to bankruptcy: A timeline of Borrego Health's …

(1 days ago) WebThe raids come months after the Borrego Sun published a series of articles scrutinizing Borrego Health's medical services, management practices, governance structure and business practices. The

https://www.beckershospitalreview.com/finance/from-an-fbi-raid-to-bankruptcy-a-timeline-of-borrego-health-s-troubles.html

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Millions in Borrego Health assets will auctioned off next month

(4 days ago) WebUnder criminal investigation and financial pressure, Borrego Health turns to bankruptcy. Sept. 17, 2022. Regulators said Borrego Health collected $17.6 million in federal COVID-19 relief funds

https://www.sandiegouniontribune.com/news/watchdog/story/2022-12-24/borrego-health-assets-auction-bankruptcy-judge

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Borrego Health creditors, regulators agree to bankruptcy …

(3 days ago) WebThe Borrego Community Health Foundation, which filed for Chapter 11 bankruptcy protection earlier this year amid a criminal investigation into its finances, has agreed to mediation to try and

https://www.sandiegouniontribune.com/news/watchdog/story/2022-11-11/borrego-health-mediation-bankruptcy

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Bankruptcy Court Approves Buyout of Borrego Health by Palm …

(9 days ago) WebThe nonprofit health clinic operator filed for Chapter 11 bankruptcy protection in September following a criminal investigation into alleged financial irregularities.

https://timesofsandiego.com/business/2023/03/01/bankruptcy-court-approves-buyout-of-borrego-health-by-palm-springs-dap/

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California suspends Medicaid payments to Borrego Health after …

(1 days ago) WebThe raids came months after the Borrego Sun published a series of articles questioning Borrego Health's medical services, management practices, governance structure and business practices. The

https://www.beckershospitalreview.com/finance/california-suspends-medicaid-payments-to-borrego-health-after-fbi-raid.html

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BAD NEWS FOR BORREGO HEALTH, WORSE NEWS FOR 82,000 …

(9 days ago) WebAugust 31, 2022 (Borrego Springs) -- On Friday, Aug. 19, Borrego Health’s administrative offices, individual clinics, and others outside of the organization were notified by the State of

https://www.eastcountymagazine.org/bad-news-borrego-health-worse-news-82000-patients-state-suspending-100-borrego-health-medi-cal

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BCHF Finally Exposed - Borrego Sun

(9 days ago) WebBorrego Community Health Foundation (Borrego Health) has admitted to fraudulent activities and criminal conspiracies within the organization; and filed a RICO, Racketeering lawsuit against 49 of the Foundation’s former board members, former CEO’s, officers, 15 contract dentists, Premier Healthcare Management, other individuals and …

https://www.borregosun.com/story/2022/08/01/borrego-clinic/bchf-finally-exposed/7273.html

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Borrego Health files for chapter 11 bankruptcy, but will keep all

(2 days ago) WebSeptember 12, 2022 · 4 min read. Borrego Community Health Foundation announced Monday that it has filed for Chapter 11 bankruptcy protection, but will keep all its clinics open — including

https://www.yahoo.com/entertainment/borrego-health-files-chapter-11-190007821.html

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Bankrupt Borrego Health has a potential buyer - Becker's Hospital …

(6 days ago) WebPalm Springs, Calif.-based federally qualified health center DAP Health has made a bid to acquire bankrupt clinic chain Borrego Health. DAP Health formed an alliance with Innercare and

https://www.beckershospitalreview.com/finance/bankrupt-borrego-health-has-a-potential-buyer.html

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Borrego Community Health Foundation announces Rose MacIsaac …

(3 days ago) WebBorrego Health has made headlines in recent months due to layoffs, operational changes and financial and legal issues. The organization announced in May that 218 employees from a number of positions in its Riverside and San Diego county offices will be laid off this summer in an effort to "ensure the sustainability of access to care" to …

https://news.yahoo.com/borrego-community-health-foundation-announces-235040078.html

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BCHF: When Words Don't Match Reality - Borrego Sun

(3 days ago) WebBorrego Community Health Foundation (BCHF) took another action, “To protect the long-term access to local care,” announcing layoffs of 218 employees, in addition to the 113 terminated on February 1, 2021. The May 25, 2022 announcement was in the form of a press release from Dan Kramer, BCHF’s public relations consultant. The layoffs …

https://www.borregosun.com/story/2022/06/01/borrego-clinic/bchf-when-words-dont-match-reality/7194.html

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Borrego Health Lays Off 218 Employees Palm Desert, CA Patch

(3 days ago) WebAs we work to navigate our financial and legal issues, we are driven forward by our mission to provide primary care to the underserved," said Edgar Bulloch, M.D., CEO of Borrego Health.

https://patch.com/california/palmdesert/borrego-health-lays-218-employees

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Borrego Health News

(4 days ago) WebBCHF is a Federally Qualified Health Center and a Federal Tort Claims Act deemed organization. The Federal Government is the primary insurer. Borrego Health receives HHS funding and has federal PHS deemed status with respect to certain health or health-related claims, including medical malpractice claims for itself and covered individuals. 2022 …

https://www.borregohealth.org/news

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Amid bankruptcy and probe, Borrego Health plans to liquidate

(1 days ago) WebNov. 25, 2022 5 AM PT. Barely two months after turning to bankruptcy court to protect itself from creditors owed tens of millions of dollars, the Borrego Community Health Foundation plans to sell

https://www.sandiegouniontribune.com/news/watchdog/story/2022-11-25/borrego-health-liquidate-auction-bankruptcy

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DAP Health and Borrego Health Become One Entity

(4 days ago) WebDAP Health is happy to announce that its acquisition of Borrego Health’s assets has been approved by both the Bankruptcy Court and the Health Resources and Services Administration (HRSA). The two health care systems will now operate as one integrated system, with some 850 employees serving 100,000 patients of all ages, genders, …

https://www.daphealth.org/dap-health-and-borrego-health-become-one-entity/

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Borrego Health Takes Action to Protect Long-term Access to Local …

(4 days ago) WebStrategic Initiatives Focus on Protecting Patient Care & Financial Stability News ReleaseMay 25, 2022Contact: Dan Kramer - Phone: 949.415.8721 - Email: [email protected] SPRINGS, CA (May 25, 2022) – Borrego Community Health Foundation (Borrego Health) announced today that it is …

https://www.borregohealth.org/post/borrego-health-takes-action-to-protect-long-term-access-to-local-care

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Borrego Health Patient Information

(9 days ago) WebBCHF is a Federally Qualified Health Center and a Federal Tort Claims Act deemed organization. The Federal Government is the primary insurer. Borrego Health receives HHS funding and has federal PHS deemed status with respect to certain health or health-related claims, including medical malpractice claims for itself and covered individuals. 2022 …

https://www.borregohealth.org/patient-information

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Hospitals Face Financial Pressures as Costs of Caring Continue to …

(Just Now) WebHospitals’ labor costs, which on average account for 60% of a hospital’s budget, increased by more than $42.5 billion between 2021 and 2023. Economy-wide inflation grew by 12.4% during that period, more than double the 5.2% growth in Medicare reimbursement for hospital inpatient care. This makes it harder for hospitals to maintain …

https://www.aha.org/news/perspective/2024-05-10-hospitals-face-financial-pressures-costs-caring-continue-surge

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Financial stress is making us mentally and physically ill. Here’s how

(1 days ago) WebIts latest research installment, released in April, employed a focus group. Participants revealed that money worries weren’t just causing their mental well-being to decline, but their physical

https://fortune.com/well/article/financial-stress-mental-health-physical-illness/

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Borrego Health to lay off 113 employees, outsource billing

(8 days ago) WebBorrego Health, a federally qualified health center with more than 40 California locations, will close two of its clinics, lay off more than 100 workers and outsource its in-house billing

https://www.beckershospitalreview.com/finance/borrego-health-to-lay-off-113-employees-outsource-billing.html

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Why the Steward Health Bankruptcy Filing May Be a Good Thing …

(2 days ago) WebMPT's own financial position has become a concern as well, with the company planning to generate up to $2 billion in liquidity transactions this year as it looks to reduce its $10.1 billion debt load.

https://www.fool.com/investing/2024/05/18/why-the-steward-health-bankruptcy-filing-may-be-a/

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Medical crowdfunding isn't a solution for skyrocketing health care …

(8 days ago) WebI n the United States, health care costs are so out of control that medical crowdfunding has become commonplace. The idea is simple: turn your social network into a financial safety net to cover

https://www.statnews.com/2024/05/20/crowdfunding-medical-bills-no-solution-high-health-care-costs/

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State can't cut off Medi-Cal payments to Borrego Health, judge …

(5 days ago) WebA federal bankruptcy judge has barred state health officials from cutting off Medi-Cal payments to the Borrego Community Health Foundation, a decision that breathes new financial life into the

https://www.sandiegouniontribune.com/news/watchdog/story/2022-10-17/judge-blocks-suspending-medi-cal-borrego-health

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How Finances Can Affect Our Mental Health TwinStar Credit Union

(6 days ago) Web1. Financial Problems are a Key Driver of Stress. Financial difficulties, such as debt, unemployment, or living paycheck to paycheck, can cause chronic stress. Large and consistent amounts of stress can lead to a variety of mental health problems. Stress often manifests in anxiety, depression, lack of sleep, and even more serious …

https://www.twinstarcu.com/content/how-finances-can-affect-our-mental-health

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Borrego Health Our Board of Trustees

(7 days ago) WebBOARD OF TRUSTEES. Sandra A. Hansberger, Chair. Sandra Hansberger has spent 30 years advocating on behalf of low-income individuals and families—as a supervising attorney, clinical law professor, and most recently, as an executive director of an Oregon statewide non-profit. Her work has focused on providing access to justice in areas such …

https://www.borregohealth.org/board-of-trustees

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CVS Risks Losing 10% of Medicare Members in Push for Profits

(Just Now) Web1:06. CVS Health Corp. may lose a big chunk of members in its Aetna Medicare Advantage plans next year as the insurer attempts to boost profits in its insurance plans. The company could see as

https://www.bloomberg.com/news/articles/2024-05-14/cvs-risks-losing-10-of-medicare-members-in-push-for-profits

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Steward Health Files Chapter 11 After Medical Properties Deal

(2 days ago) WebIn January, Medical Properties provided Steward Health with a $60 million bridge loan and deferred some of its rent arrears. Medical Properties fell as much as 11.5% in Monday trading as of 11:20

https://www.bloomberg.com/news/articles/2024-05-06/steward-health-files-chapter-11-after-medical-properties-deal

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Bankrupt FQHC Borrego Health to sell clinics to DAP Health - The …

(3 days ago) WebUnder criminal investigation and financial pressure, Borrego Health turns to bankruptcy. Sept. 17, 2022. Borrego Health was founded in the 1980s as a single medical clinic aimed at serving the

https://www.sandiegouniontribune.com/news/watchdog/story/2023-02-16/borrego-health-selects-dap-health-bankruptcy-asset-sale

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Financial coach: Why an HSA is at least 17% better than a 401(k)

(4 days ago) WebThis retirement savings account is at least 17% better than a 401 (k), says expert: It’s ‘a complete cheat code’. You’ll soon be able to contribute much more money to your health savings

https://www.cnbc.com/2023/05/24/financial-coach-why-an-hsa-is-at-least-17percent-better-than-a-401k.html

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Microsoft set to face EU competition charges over Teams software

(3 days ago) WebBrussels is set to issue new antitrust charges against Microsoft over concerns that the software giant is undermining rivals to its videoconferencing app Teams. According to three people with

https://www.ft.com/content/ce8a6602-dece-4313-b1a5-4e6f3354f99d

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For second time in two years, state halts all Medi-Cal payments to

(2 days ago) WebLate last year, Borrego Health announced that it would close two clinics and lay off more than 100 employees in response to the investigation into financial improprieties.

https://www.sandiegouniontribune.com/news/watchdog/story/2022-08-30/borrego-health-medi-cal-suspension

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