Friday, November 18, 2011

Hopsital finances

The new hospital is bleeding some red ink. It does sound like hospital's around the region are having revenue problems, as people use health services less a down economy. We also have lost a couple popular family doctors who make referrals to the hospital.

That said, the expectations for this new hospital, supported by tax payers, are very high. The image of a facility losing money after all the promises of better facility and more services will be hard to overcome.

It sounds like management is taking aggressive steps to cope with the shortfalls without compromising quality of care. They are also being very open about the issues and up front with the public. This will service them well.

The services themselves are not in question, at least not that I have heard, and it seems like the town has really embraced the new facility after some controversy over its location.

5 comments:

Anonymous said...

As business owner yourself you should understand that not all situations are controllable. Insurance dictates so much health care that I'm sure that doesn't help the bottom line. Just like I'm sure that the internet does not help the bottom line of The Traveler as more people seek their news on line vs a newspaper.

Anonymous said...

http://www.kansas.com/2011/11/17/2108864/proposals-could-shut-rural-hospitals.html

This could be one of the reasons the hospital is losing money. Great job by Obama!!!!!

Anonymous said...

This proposal could actually help our hospital. We are an acute care hospital not a critical access. The proposal would have a major impact on the Winfield Hospital since they are critical access. If this proposal is approved there may eventually be only one hospital in Cowley County and that would be SCKMC.

Anonymous said...

We will have to see if the NEW CEO is worth his salt!

But, this area still doesn't have the prsonal income level, population or age demographics to support a major or regional medical center!

So, how much money will be lost in the experimental stages before they realize its only a Small town hospital?

Anonymous said...

The hospital has lost over 2 MILLON since the first of the year,poor functioning board and management. It will end up not only costing us as a 1/2 cent sales tax,and +23millon dollar bond money for those who purchased that paper,but also added on to our tax mill levy. What happened to the over 5 MILLON in the account when Steve came in a year and a half ago? Oh, yes he said he spent it on the move,but he had said in the city com.meeting it would cost maybe 36,000. Even if it cost 5x that and you add in the last 3 payments from the city 1/2 cent sales tax and the reduction of wages and hours for the staff plus Steves over 150,000 pay--Pay for what ?He needs to earn his wages.When the board learns to work with the Drs.and we have adm. who put the pt.s first, work as a team, we could end up with a non- profit hospial that could sustain it's self.Hope it's not to late.