Virtually two-thirds of rural hospitals throughout Mississippi are shedding cash caring for sufferers.
Knowledge from the Middle for Healthcare High quality and Cost Reform from mid-January exhibits that 48 of Mississippi’s 74 rural hospitals have a unfavorable 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 might have acquired throughout the pandemic.
In Mississippi, rural hospitals are integral to the survival of communities, economically and bodily. After they shutter, it means the lack of job alternatives and well being care.
READ MORE: ‘Barely extra respiratory room’: Fewer rural hospitals susceptible to closure, however menace nonetheless looms
The middle makes use of hospitals’ affected person companies margin to calculate threat of closure. If the hospital has sufficient property to keep up operations whereas within the unfavorable for a number of years, it’s susceptible to closure, although not rapid.
“If a hospital is shedding cash on affected person companies and they don’t seem to be 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 heart. “In different phrases, they owe greater than they’ve.”
1 / 4 of Mississippi’s rural hospitals are susceptible to closing instantly, or throughout the subsequent two to a few years — the fourth highest share within the nation.
Use this map and hover over your space to seek out out what your hospital’s affected person companies margin is.
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