Monday, July 21, 2008

A Perfect Example

Recently, I was able to attend one of the Monday morning SE*ED programs. I spoke a little about current goings on at GRMC and had the opportunity to answer questions.

A woman asked about her Medicare statement following an x-ray procedure done at GRMC. She said the bill read that the charge for the x-ray was $125 dollars and that Medicare had paid $24 dollars. She asked if that meant that the hospital had to make up the difference in the bill. Yes, that’s exactly what has to happen.

How do we make up that difference? For our nonprofit, non-tax supported community hospital to break even we have to lower expenses and find new sources of revenue.

I am confident that we will come through this difficult time as a stronger organization. Even in the past year when we have incurred substantial losses, we strengthened our balance sheet, improved our facilities, added new technology, and cut our costs as we could.

We are in a challenging situation but at the end of the day, we continue to be here when you need us for quality healthcare close to home. And we’ll be here in the years to come.

The postings on this site are my own and don’t necessarily represent GRMC’s positions, strategies, or opinions.

1 comment:

Emory's Mom said...

What a great perspective. I had no idea!