AP – Miss. hospital posting $2.4 million loss — cites cuts in Federal payments

The Forrest Health hospital system is expecting its first red ink since 2007.

The projected $2.5 million loss for fiscal 2014 is from federal cuts, including payments for uninsured patients, CEO Evan Dillard told The Hattiesburg American (http://hatne.ws/166Jw8Y ). Forrest General alone is expected to lose $3.7 in such “disproportionate share” payments, he said in an email.

Across the city, Wesley Medical Center CEO Mike Neuendorf said the hospital projects a $1 million reduction in DSH payments.

The Forrest Health system also is planning for cuts of more than $10 million in cuts from the federal budget stalemate and supplemental payments.

The five-hospital system has a $1.4 billion budget. Its flagship is Forrest General Hospital in Hattiesburg.

“We do not receive supporting payments from the county so we have to operate with Revenues over Expenses in order to reinvest in new technology and maintain jobs,” Dillard wrote.

AP
9/15/13