CEO says Medicaid extension will save Delta hospital $7M
by Associated Press
Published: July 2,2013
GREENVILLE — The Mississippi Legislature’s decision to extend Medicaid will save Delta Regional Medical Center in Greenville about $7 million.
DRMC CEO J. Stansel Harvey tells the Delta Democrat Times that numbers from 2011, the most recent available, show 70 percent of patients in Greenville receive coverage through either Medicaid or the federal Medicare program. About 22 percent of those residents are on the Medicaid rolls, Harvey said.
With federal reductions set to hit starting Oct. 1, Harvey said the Greenville hospital is anticipating a revenue loss of more than $3.9 million.
“Delta Regional must quicken its strategic planning process to determine how to respond to anticipated revenue reductions of this magnitude,” Harvey said. “We will have to balance these reductions in revenue with equal reductions to our expenses.”
Under the Affordable Care Act, Medicare Disproportionate Share Hospital payments or policy adjustments to hospitals to offset the cost of uncompensated care for those without health insurance, will be reduced. Hospitals also must account for funds lost to the across-the-board federal budget reductions known as the sequester.
“Delta Regional Medical Center anticipates reductions in revenue … from the 2 percent cut in Medicare reimbursement from the sequestration, other regulatory cuts from Medicare surrounding the Value Based Purchasing initiatives, along with the upcoming reductions to Medicaid Disproportionate Share and Medicare DSH payments,” Harvey said.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Panther Creek megasite — Putting a value proposition out there
- Mississippi State makes NSF ranking of research universities
- Tallahatchie General’s listing on auditor’s ‘watchline’ an image set back, CEO says
- TVA president/CEO Johnson tours Techumseh, Yokohama plants
- Chris McDaniel responds to radio show audio clip
- Ex-city worker arrested on false pretense charge
- Kelly Boutwell added, Jason Word promoted at MEC
- Panther Creek's location in medical industry zone boosts bio-med prospects
- Cotton to take center stage during MSU summit