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The committee determined that the accounts receivable reserve was adequate based on outstanding balances and ongoing collection efforts. Members also reviewed January financial statements, census and revenue data, and an admissions work plan with Stamford Health Medical Group.
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The meeting found no need to adjust the reserve set aside for unpaid accounts based on the information available. Committee members reviewed the facility’s January financial performance, daily resident census, revenue, and accounts receivable. Nursing payroll overtime remained under review.
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