More Than 60% of Nevada Hospitals Lost Money in 3Q Last Year

Of Nevada’s 33 general, acute-care hospitals, 20 recorded net losses in the third quarter of this past fiscal year, according a report from the Reno Gazette-Journal.

Advertisement

Hospitals in Washoe County and Carson City lost a combined $29.3 million, while hospitals in Clark County posted cumulative losses of $45.7 million, according to the report.

Rural hospitals throughout the state faired the best, reporting a combined $52.7 million profit. However, Northeastern Nevada Regional Hospital, a rural hospital in Elko, contributed most toward the total due to high rates of paying patients and a gold-mining boom. The report also found that for-profit hospitals are having more financial success than non-profits.

Overall, Nevada has the highest unemployment rate in the country at 12.6 percent and also has the highest home foreclosure rate.

More Articles on Nevada Hospitals:

UC San Diego Health Finalizes Acquisition of Nevada Cancer Institute

Merger Talks End Between CHS, Nevada’s Saint Mary’s Regional

Nevada Hospitals Partner With Valley Hospital in Las Vegas for Telehealth Program

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.