Those five organizations were Butler (Pa.) Health System, Excela Health in Greensburg, Pa., Heritage Valley Health System in Beaver, Pa., Indiana (Pa.) Regional Medical Center and Jefferson Regional Medical Center in Jefferson Hills, Pa. The main reasons cited for the losses were Medicare and Medicaid reimbursement reductions, lower hospital admissions and patients deferring care for financial reasons, according to the report.
Thomas Aubel, vice president of data management for the Hospital Council of Western Pennsylvania, said since inpatient revenue is now accounting less for a hospital’s total revenue, organizations will have to put a bigger emphasis on the outpatient side of the business. “The old standby is it takes 30 outpatients to equal an inpatient,” Mr. Aubel said in the report.
Related Articles on Hospital Financial Losses:
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Net Losses Continue at SunLink Health Systems
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