Tuesday is the day my local paper, The 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.
the fourth full year I’ve been tracking these numbers – I captured part of the
year in 2012 – and the third year that I’ve captured filings by hospital. I include anything that is likely a patient
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.
first three years, the overall total was $67,965,862 – a staggering amount of
money for a relatively small metropolitan area that includes the city of
Syracuse and her suburbs, the towns and villages of Onondaga County, and to a
lesser extent, some of the even smaller neighboring towns and villages. As I reported in the 2015 recap, we turned
sharply down last year – some $7M – and the hope is that we will continue to
see progress in the overall total. Of course, a better sign of health would be
an increase in the number of satisfied judgments; people’s ability to pay off
their debt (or their willingness, as the case may be) is something else I’m
hoping to see this year.
week, there were 25 new judgments, totaling $424,836, two satisfied judgments
for $32,830, and one bankruptcy, for $20,000.
the breakdown by hospital:
had five, for $71,633
Joe’s had three, including the two repayments, for credit of $22,781
Upstate added another twenty, for $363,154
paper only publishes filings of $5,000 or more.