Officials warn that hospitals in the state have lost millions in the first quarter of 2022. If the balance sheets don't start to add up, it means some hospitals could be cutting beds and services—or could even close their doors. FOX13
statewide. Officials warn that hospitals in the state have lost millions in the first quarter of 2022.
"We are seeing real-world impacts starting to happen," said Cassie Sauer, CEO of WSHA. "The financial challenges revealed by the survey are really quite grave." "This is a negative 13% net loss, and this level of losses is unsustainable," said WSHA CFO Eric Lewis. "It is like nothing I’ve seen in my career, and hospital officials around the state are very concerned about this."Eric said the reasons for the losses include low Medicaid reimbursement, which hasn't had a rate increase in 20 years, with some hospitals reporting payments covered just 42% of costs.
Shepler said the cost for the patient's care is about $1.3 million for one week, with 1,600 excess days total in the hospital. She believes that the community will see a reduction in services statewide if the trends continue for hospitals.
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