Missouri hospitals see uncompensated care costs rise to $1.3B in 2016

The Missouri Hospital Association found hospitals' uncompensated care costs grew by $37 million in 2016 compared to the year prior.

MHA's annual Community Investment Report examines community benefit and economic data of Missouri hospitals. The analysis revealed hospitals provided $719 million in charity care in 2016. When including the $538 million in bad debt hospitals accrued during the same year, Missouri hospitals shouldered $1.26 billion in uncompensated care in 2016.

"In 2015, for the first time in a decade, hospitals experienced a decline in uncompensated care costs," Herb Kuhn, MHA President and CEO, said. "The 2016 data indicate that gains in health insurance coverage, a stronger economy and higher employment rate shifted, rather than reduced, the cost of uncompensated care."

More articles on healthcare finance:
156-bed Ohio hospital to close Feb. 11
What the Amazon, JPMorgan, Berkshire partnership means for healthcare: 35 executives respond
OIG tags Michigan health system for erroneous billing

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>