Envision has been battling high labor costs and was recently in a dispute with UnitedHealthcare in which the insurer alleged Envision was billing routine visits as unnecessarily complex care.
Envision has about $7 billion of debt outstanding and has been exploring bankruptcy. It missed a March 31 quarterly reporting deadline and skipped an April interest payment.
Financial experts expect an uptick in bankruptcies this year, according to the report.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
