Southern Home Medical Inc (SHOM)

[ACDCRules]

Not sure if this is the case with SHOM, but I work for the largest non-profit hospital in Arizona and the percentage of bad debt or charity has risen every month for the past year. We are having to find ways to drastically reduce costs and possibly lay-off folks because of it. Bad debt is the inability or refusal of the patients receiving care to pay their bills, so the hospital just writes it off as bad debt or they reduce what is owed and call it charity. I am not sure if this is what is going on with SHOM, but the medical industry everywhere is being hit with this and also lowered reimbursements from the government, both state and federal. I bet if you emailed the company, they would give you more details.