In 2011, Medicare payments to Colorado hospitals were $253 million less than in 2009, according to the Colorado Hospital Association. Now those same institutions are facing another 2 percent decrease in reimbursement for Medicare services. That one-two punch could knock some hospitals out of the ring, according to Russ Johnson, CEO of San Luis Valley Regional Medical Center in Alamosa, Colorado. Read the full article from ABC news here.
Friday, March 8, 2013
Impact of Medicare Cuts on Colorado Rural Hospitals
As federal employees are contemplating smaller paychecks this week, administrators at rural hospitals are struggling just to keep their balance sheets in the black, thanks to the sequester.
In 2011, Medicare payments to Colorado hospitals were $253 million less than in 2009, according to the Colorado Hospital Association. Now those same institutions are facing another 2 percent decrease in reimbursement for Medicare services. That one-two punch could knock some hospitals out of the ring, according to Russ Johnson, CEO of San Luis Valley Regional Medical Center in Alamosa, Colorado. Read the full article from ABC news here.
In 2011, Medicare payments to Colorado hospitals were $253 million less than in 2009, according to the Colorado Hospital Association. Now those same institutions are facing another 2 percent decrease in reimbursement for Medicare services. That one-two punch could knock some hospitals out of the ring, according to Russ Johnson, CEO of San Luis Valley Regional Medical Center in Alamosa, Colorado. Read the full article from ABC news here.
