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Council approves interfund loan to Excelsior Springs City Hospital amid cash shortfall from EHR conversion
Summary
The council approved a cash advance on hospital tax revenues to Excelsior Springs City Hospital after CEO Christian DeHart described a near 45% drop in weekly cash collections tied to a recent EHR and clearinghouse change; the hospital has short-term credit options and seeks the city advance to cover payroll, vendors and supplies.
The City Council approved Resolution No. 15-80 on June 2 to authorize an interfund loan (a cash advance on hospital tax revenues) to Excelsior Springs City Hospital after a presentation by Christian DeHart, the hospital’s CEO.
DeHart described a revenue disruption tied to the hospital’s conversion to a new electronic health record system (Cerner) and changes in the claims-clearing process. He said the hospital typically collected about $1,100,000 in cash per week before the April transition and then experienced a roughly 45% decline in weekly cash…
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