Fiscal Impact of Obamacare on Rural Hospitals For some time now, rural hospitals have been suffering the financial impact imposed by outrageous healthcare costs, an increase in outpatient procedures, shorter hospital stays, and the inability to provide more complicated services. In upholding the Affordable Care Act, the Supreme Court decided to permit states to opt-out of the Medicaid expansion. Despite the Federal Government's agreement to pay 100% of the cost of the expansion for the first 3 years and a minimum of 90 % during following years, 24 states still opted-out. Five of these states are in the South, they include: Alabama, Florida, Georgia, Louisiana and Mississippi. Research conducted by George Washington University determined that over 1 million patients using community health centers will lose their coverage because their states opted out of the expansion. This translates to a losses in excess of billions of dollars. Unfortunately, without this funding, community hospitals will be unable to provide essential care, especially to the indigent. A Wall Street Journal article (Rural Hospitals Feel Pinch) profiles the plight of rural hospitals resulting from new healthcare regulations. The article focuses on a rural North Carolina community hospital that has been forced to close. The effects of having any rural community lose its local hospital are devastating from several perspectives. Aside from being home to a much needed healthcare facility, the closure of a community's hospital would most likely result in a significant loss of jobs, the decline and/or demise of local businesses, and most importantly a deterioration in the quality of life of its citizens. One of the ways rural hospitals can recover a considerable portion of lost revenue is by streamlining other costs. There are a host of services available to reduce expenditures and enhance profits for many of the hospitals that have been victimized by funding losses. Among the most successful endeavors rural hospitals are investigating is Wireless Cost Management. This program has been tremendously effective in saving hundreds of thousands of dollars for many organizations facing serious budgetary constraints. These savings have been able to rescue many healthcare centers from the kind of fiscal limitations that can have disastrous results for entire communities. What would it mean to secure the kind of savings that would allow a hospital to purchase state-of-the-art medical equipment…equipment that would enable them to perform procedures they would ordinarily have to refer to a larger hospital that would require extended travel? What would it mean to have the latest equipment such as: · Laparoscopic instruments that enable minimally invasive surgery in a variety of laparoscopic specialties, including General, Bariatric, Urologic, and Gynecologic surgery · CyberKnife to treats a variety of tumors and cancer types, as well as certain other conditions, in virtually any area of the body · Digital mammography equipment with computer-aided (CAD System · New transcatheter (catheter-based) procedure kits to treat patients who are not candidates for surgery · The latest diagnostic equipment These are the kinds of savings a wireless cost renegotiation can procure. Edward DuCoin, CEO ORPICAL Group Ed DuCoin is the CEO of ORPICAL Group, known for his success in growing a small company into a thriving organization that was listed as one of the 500 Fastest Growing Companies for three consecutive years by INC. Magazine. http://edwardducoin.com http://www.orpical.com
Related Articles -
Reduced cell phone bills, Cell phone pricing renegotiations, Reduce your compan's cell phone costs, Save through cell phone pricing renegotiation,
|