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San Antonio Regional Hospital warns of tight finances, outlines local clinic, residency and maternity expansion
Summary
San Antonio Regional Hospital CEO John Chapman told the council nearly half of California hospitals are operating in the red and outlined local initiatives: community health screenings, a new residency program to train 20 physicians a year, expansion of clinic access and a planned $60 million maternity unit expected in about two years.
John Chapman, president and CEO of San Antonio Regional Hospital, briefed the Montclair City Council on financial pressures facing hospitals and the health system’s local plans to expand access and workforce training.
Chapman said "49% of hospitals are in the red right now in California," and attributed financial strain to lagging payer increases versus double-digit inflation, rising wage rates and higher drug costs. He told the council that Medicare increases have been modest (about 5.2%) while hospitals face much higher inflation and wage…
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