That headline is not a typo: the satisfied judgments are higher than the new judgments, and so for the first time ever, we have a net negative Tuesday's Number.
Tuesday is the day my local paper, the Syracuse Post-Standard, publishes the weekly business section. In addition to special features, tips from stock experts, budgeting advice and the like, we get the judgment and bankruptcy listings.
Since mid-2012, I’ve been tracking health care related filings. I include anything that is clearly a debt owed to a hospital, nursing home, physician or physician group, medical supplier, and so on; I do not include filings by insurance companies, many of which are so diversified it would not be a fair assumption that the filing is related to medical care or health insurance.
- This week, there was one new judgment for hospitals, doctors, or other medical providers totaling $11,555.
- There were three satisfied judgments, for $26,167.
- And there were no bankruptcies listed.
By hospital, here’s the breakdown:
- Crouse gets a credit of $11,822, with one satisfied judgment.
- SUNY gets a credit of $2,790; they had the single new listing and two judgments repaid.
- St. Joseph’s and Community (part of Upstate), had no filings.
Regular readers know that I subtract satisfied judgments from the overall totals and from the individual hospital totals; the likelihood is that they’ve already been incorporated into the numbers at some point now, since I’ve been tracking this for two and a half years.
For the first six weeks of this quarter, the average weekly Tuesday's Number was $444,750. The total of new filings over the past four weeks has only been $216,838. I'm not so naive to think we have finally, officially turned the corner, but it's been exciting to see the numbers finally going in the right direction. We'll have to see how the quarter closes out and the summer progresses.
The paper publishes only those accounts of at least $5,000.