Virtually two-thirds of rural hospitals throughout Mississippi are shedding cash caring for sufferers.
Information from the Middle for Healthcare High quality and Fee Reform from mid-January exhibits that 48 of Mississippi’s 74 rural hospitals have a unfavourable affected person companies margin.
Affected person companies margins confer with how a lot cash a hospital makes or loses offering companies to sufferers. It doesn’t account for federal grants hospitals could have obtained through the pandemic.
In Mississippi, rural hospitals are integral to the survival of communities, economically and bodily. Once they shutter, it means the lack of job alternatives and well being care.
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The middle makes use of hospitals’ affected person companies margin to calculate threat of closure. If the hospital has sufficient belongings to take care of operations whereas within the unfavourable for a number of years, it’s vulnerable to closure, although not quick.
“If a hospital is shedding cash on affected person companies and they aren’t getting sufficient cash from different sources to offset these losses, it’s shedding cash general,” mentioned Harold Miller, president and CEO of the nationwide coverage middle. “In different phrases, they owe greater than they’ve.”
1 / 4 of Mississippi’s rural hospitals are vulnerable to closing instantly, or throughout the subsequent two to 3 years — the fourth highest proportion within the nation.
Use this map and hover over your space to seek out out what your hospital’s affected person companies margin is.