Colorado’s hospital systems aren’t expecting this financial year to be much better after a challenging 2022, though leaders said they have plans to try to bring expenses under control.
Medical staff perform an outpatient surgery at Denver Health on March 15, 2023. Denver Health lost money on patient care in the first three quarters of 2022, with a margin of -3.8%. With investment losses, the gap between revenues and expenses widened to -7.7%.
It also didn’t help that uncompensated care doubled from about $60 million in 2020 to $120 million in 2022, partly due to longer stays by patients who are homeless, Lynne said. More of Denver Health’s patients were uninsured last year, and while the hospital tries to sign those patients up for Medicaid, not everyone qualifies, she said.
Pharmacy supervisor Gabrielle Jacknin, left, and clinical pharmacist Andrew Kluemper, right, work on their computers at their workstation in the Emergency Department at UCHealth University of Colorado Hospital in Aurora on March 13, 2023. UCHealth had a narrow profit margin on patient care in the first nine months of 2022, at about 3.5%. Investment losses pushed it into the red, though, with a total margin of -18.3%.
“We can play with care models… but there’s only so much you’re going to pull out in efficiencies,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stroller recall expanded because frame may break and cause child to fallMockingbird recalled its double strollers in November 2022 and single strollers in March 2023.
Read more »
Majority of Colorado hospital systems lost money in 2022 as costs surged, stock market tankedColorado hospitals as a whole remained financially healthy through the first two years of the pandemic, but their profit margins were slashed in half in 2022 as costs swelled, pushing the majority of the state’s hospital systems into the red by the fall.
Read more »
Pre-2023 Audi Q4 E-Tron Models Get Improved Charging With New Software Update | CarscoopsPre-2023 Audi Q4 E-Tron Models Get Improved Charging With New Software Update | Carscoops carscoops
Read more »
UConn vs. Iona predictions, odds: March Madness 2023 pick for FridayAfter a hot start to the year and an inconsistent stretch in January, Connecticut has turned it on and is among the best bets to win it all.
Read more »
2023 Fantasy Baseball: AL West players to target in draftsFantasy baseball analysts Scott Pianowski, Dalton Del Don and Andy Behrens reveal the player they're targeting on each AL West team. The reason behind their selections could be tied to draft value, a star they want to build around or someone they're going out of their way to take.
Read more »
Celebrating St. Patrick's Day 2023 with Green Beer, Irish Whiskey and Pub GrubIt seems we all got a little Luck of the Irish, because Saint Patrick’s Day falls on a Friday this year; and those looking to join the shenanigans can find food, drink and merriment across the city. Check out these Houston bars and restaurants celebrating ol’ St. Paddy this Friday,...
Read more »