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Hila Regional Medical Center reports patient volumes up, warns Medicaid changes could cost $1M per 5% cut
Summary
Hospital CEO Robert Whitaker reported higher admissions and outpatient use in recent months and cautioned that hypothetical Medicaid rate reductions could reduce the hospital’s annual revenue by about $1 million for each 5 percent cut in Medicaid reimbursement rates.
Hila Regional Medical Center reported higher patient volumes and an operating surplus for July, but hospital leadership warned commissioners that changes to Medicaid eligibility and possible future rate changes could significantly affect the hospital’s finances. CEO Robert Whitaker told the board that admissions, discharges and outpatient visits in July and August were higher than the prior year,…
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