Illinois Hospitals Owed Millions as State Struggles to Pay Bills

Several hospitals throughout Illinois are owed millions of dollars in unpaid reimbursements from the state, according to a Peoria Journal Star report.

Illinois owes a total of $5 billion for all debt expenses, healthcare included. Hospitals that have experienced late payments from the state include the following:

•    OSF Saint Francis Medical Center in Peoria, Ill., was owed $12.3 million as of Sept. 8, most of which is for inpatient care. CEO Ken Harbaugh estimates the hospital is losing out on closer to $28 million after factoring in Illinois' recent cut in Medicaid reimbursements, according to the report.
•    Methodist Medical Center in Peoria, Ill., was owed $2.3 million as of Sept. 8. CFO Robert Quin estimates the total to be closer to $16.5 million now.
•    Galesburg (Ill.) Cottage Hospital, a subsidiary of Brentwood, Tenn.-based Community Health Systems, was owed $1.1 million as of Sept. 8.

Related Articles on Hospital Reimbursements:

5 Common Accounting Blunders Hospitals Can Avoid
The Advantages and Disadvantages of CMS' Bundled Payment Initiative: 8 Responses
UAB, Cigna Resolve Reimbursement Dispute

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