Minnesota Hospital Hopes to Reduce Operating Deficit by Improving Billing, Cutting Costs

Officials at Rice Hospital, a city-owned facility in Willmar, Minn., hope to turn around a worsening operational deficit by tightening the hospital’s revenue cycle and managing inventory and supplies better, according to a report in the West Central Tribune.

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While outpatient volume at the hospital is strong, inpatient volume has continued to decline, bringing revenue along with it, according to the report.

Despite the operational loss, income from joint ventures and earnings from Rice Care Center and Rice Home Medical have been strong, which has led to an overall profit of nearly $18,500 for the first four months of 2010.

Read the West Central Tribune report on Rice Hospital.

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