The 378-bed faith-based nonprofit hospital announced its sale in May, citing financial pressure from limited Medicaid expansion and other healthcare reforms. President David Setchel said the hospital loses $10 million every year because of limited Medicaid expansion.
“I’m not going to say failure to expand Medicaid is the sole reason why — it’s a big reason why,” Mr. Setchel said, according to The Topeka Capital-Journal.
St. Francis is SCL Health’s only hospital operating in a state without expanded Medicaid. Thirty-one states have expanded Medicaid.
St. Francis is currently seeking a buyer for the hospital.
More articles on payer issues:
900 University of Louisville Physicians added to CareSource network
Aetna, Humana extend merger deadline
Insurers in the news: June 23-30
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