The hospital is part of the Dallas-based Forest Park Medical Center network of physician-owned facilities. The announcement was not a particular surprise. Todd Furniss, chairman of The Management Company at Forest Park Medical Center, blames the bankruptcy filing on insurers’ collective refusal to contract with out-of-network providers.
Mr. Furniss told the paper that claims insurers called patients to instruct them to cancel procedures scheduled for Forest Park. “We had a 90 percent cancellation rate on the scheduled procedures for November, December and January at our hospital in San Antonio,” Mr. Furniss told the publication. “The insurance companies are becoming unwitting conspirators to crush the independents, and we’re seeing massive market consolidation both on the provider side and the insurance companies.”