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Financial Strain Hits Not-For-Profit Hospitals Across Nation
Gallup Across the country not-for-profit hospitals face revenue gaps from a lagging economy. Rehoboth McKinley Christian Hospital reports $2.2 million net loss through January. June shows $13 million, July $644,000. Fitch downgraded RMCH to negative though kept BBB. Revenue rose early year but operating costs increased by $4.6 million. Chief executives cite lower reimbursements from private insurers and Medicare Medicaid.
MENTIONED IN THIS ARTICLE
Gallup
Rehoboth
McKinley Christian Hospital
RMCH
Fitch
New Mexico‘ Hospital
Karen‘Lautermilch
Ion
Mark Hall
Medicare