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Are you seeing any impacts as they relate to volumes, pricing, bad debt collections, inflationary pressures?
For the full year, adjusted EBITDA was $86.1 million, and excluding the bad debt expense, was $89.6 million.
Higher default rates can result in increased provisions for bad debt, impacting their profitability.
Source: https://www.chiangraitimes.com/business/credit-card-default-rates-surge/
The remaining $2 million increase in O&M was driven by higher third-party expenses, offset by lower employee-related costs and bad debt expense.
This does not include $220 million in uncollectible patient accounts in 2021, which equate to bad debt, nor a $184 million Medicare shortfall for the same year.