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Petersburg Medical Center warns Medicaid cuts could substantially affect operations
Summary
Petersburg Medical Center CEO Phil Hofstetter told the borough assembly the hospital receives roughly one-third of its funding from Medicaid and that proposed federal cuts could force program or service reductions unless the community offsets losses.
Phil Hofstetter, chief executive officer of Petersburg Medical Center, told the borough assembly on March 3 that the hospital could face substantial operational impacts if Medicaid funding is reduced.
"We have a third of our funding that comes from Medicaid. So it'd be pretty substantial depending on how that gets rolled out," Hofstetter said in his report to the assembly, noting that the details of any federal action will determine what the…
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