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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.