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Health commission approves patient‑rate adjustments; CFO reports $34.2M projected surplus
Summary
Commissioners approved an annual patient‑rate adjustment proposed by the department's CFO to better align charges with industry norms; Greg Wagner also reported a projected $34.2 million surplus for the fiscal year and discussed risks tied to federal program changes and ACA enrollment.
The commission voted to accept proposed annual patient‑rate adjustments the department described as part of a multi‑year effort to bring the hospital’s cost‑to‑charge ratio closer to industry standards.
Greg Wagner, chief financial officer, said the department has been implementing incremental rate increases—about 10% per year over the previous three years—based on an outside consultant’s recommendation…
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