Leaders from the hospital, which is the largest in the state, said the increased patient payments will help offset losses the hospital has incurred from the pandemic, a cyberattack and the closing of a surgical center due to persistent carbon monoxide contamination.
The proposal would allow the hospital to collect about $210 million more from patients, up from $1.29 billion in fiscal year 2021 to $1.5 billion in fiscal year 2022. Cutting private insurer payments will decrease the hospital’s net revenue from patients by about $5 million.
The changes will take effect in fiscal year 2022.
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