On May 26, Allison Day was quoted in Bloomberg Law on the financial and legal challenges facing private correctional healthcare providers following the bankruptcy and planned wind-down of YesCare Corp.
According to the article, YesCare’s collapse has intensified scrutiny of the private prison healthcare business model, which faces significant exposure to medical malpractice claims, contract losses, and insolvency risks. Industry observers noted that mounting litigation, contract terminations, and financing challenges have contributed to a wave of financial distress across the sector.
Drawing on her experience with the 2023 insolvency of Armor Health Management LLC, Day discussed the factors that drive success and failure in the correctional healthcare industry. She explained that providers must deliver quality healthcare services to maintain government contracts. "There’s a lot of money to be made on one hand,” she said. “On the other hand, when you’re working in a health care system, especially with prisoners, you’re going to have an overwhelming amount of lawsuits."
Click here to access the article.