skip to main content
skip to newscasts

Wednesday, December 4, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump considers replacing Pete Hegseth, his embattled defense secretary pick, with Ron DeSantis; More support needed for over half-million WI family caregivers; Free, unbiased health insurance help available for Ohioans; Fungi help MS farmers unlock 'secrets' of healthy soil.

view newscast page
play newscast audioPlay

GOP Senators voice reservations about Kash Patel, Trump's FBI pick. President Biden continues to face scrutiny over pardoning his son. And GOP House members gear up for tough budget fights, possibly targeting important programs.

view newscast page
play newscast audioPlay

Residents in Colorado's rural communities face challenges to recycling, climate change and Oregon's megadrought are worrying firefighters, and a farm advocacy group says corporate greed is behind high food prices in Montana.

Report: Operating margins at NYS hospitals affect patient care

play audio
Play

Wednesday, December 4, 2024   

A new report found New York hospitals are in a precarious financial state.

The New York State Hospitals Fiscal Survey Report showed statewide hospitals are projecting an operating budget margin of 0.0% percent. While it is a slight improvement, hospital administrators said it is still insufficient for hospitals to handle patient care.

Bea Grause, president of the Healthcare Association of New York State, said government reimbursements do not cover the costs of administering health care.

"Those reimbursements are fixed and do not change," Grause pointed out. "They grow a little bit year over year but they're not keeping up with the expense growth that all hospitals are experiencing."

She noted hospitals cannot raise their commercial expenses with the expectation it will make up the difference, arguing the best way to help hospitals is to close the gap on Medicare and Medicaid payments so they keep up with expense growth. Prescription drugs are the largest continuously increasing expense hospitals face since such prices run 83% above the rate of inflation.

Staffing issues are being exacerbated by New York hospital's fiscal challenges. The report found labor expenses have grown more than 36% since 2019. While it is the second year of declining contract labor expenditures, they are double what they were in 2019.

Grause emphasized not having sufficient staff can affect the services hospitals offer.

"If a hospital is going to have a dialysis unit, you need a nephrologist. You'd probably need more than one nephrologist," Grause observed. "But you also need specially trained nurses, you need the right equipment, you need all the medication, you need the IV solution and the peritoneal solution."

Another factor in hospitals' declining operating margins is insurer demands. The report showed some surveyed hospitals project insurers' actions will cut their 2024 operating revenues by 5% or more. Estimates showed it would result in $1.3 billion or more in lost revenue for the hospitals.


get more stories like this via email

more stories
Research on the effects of a school voucher program in Louisiana show academic performance decreased among kids who use vouchers to attend private schools. (Adobe Stock)

Social Issues

play sound

In this week's 2026 budget address, Gov. Kristi Noem proposed establishing education savings accounts for K-12 students in South Dakota. Opponents …


Environment

play sound

The most current study from the Environmental Protection Agency estimated more than 143 million Americans are at risk of drinking water tainted with P…

Social Issues

play sound

Maryland has one of the highest percentages in the nation of people in prison who began serving time when they were juveniles. A new report from …


The unpaid care provided by more than 580,000 Wisconsin caregivers is valued at $9.2 billion, according to AARP. (Adobe Stock)

Social Issues

play sound

More than 580,000 Wisconsinites are unpaid family caregivers and they serve as the backbone of the state's long-term care system, and one …

Environment

play sound

A county high in the Colorado Rockies is working to include its underserved residents in plans to reduce greenhouse gas emissions, the primary driver …

State officials say in 2023, Minnesota's workplace injury and illness rate fell to an all-time low. (Freepik)

Social Issues

play sound

There is promising news at the national level and in Minnesota in trying to lower workplace injuries and illnesses. A key labor organization is happy …

Social Issues

play sound

By Dakarai Turner for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service…

Environment

play sound

By Grey Moran for Civil Eats.Broadcast version by Danielle Smith for Mississippi News Connection reporting for the Solutions Journalism Network-Public…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021