Banner, other AZ hospitals brace for state cuts
Banner Health said state cuts to the Medicaid program for the poor will prompt it to eliminate pay raises next year for more than 28,000 Banner employees in Arizona, the latest evidence that the state Legislature's budget cuts are hurting the state's health-care industry.
Banner Health, Arizona's largest hospital system and second-largest private employer behind Walmart, said scheduled cuts in Medicaid reimbursements for treatment will cost the hospital system more than $100 million next year.
Since 2008, Arizona hospitals have absorbed about $500 million in cuts and payment freezes from the Arizona Health Care Cost Containment System, the state's Medicaid program.
- Primary Care Docs Average More Hospital Revenue Than Specialists
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- Building a Better Healthcare Board
- Q&A: Catholic Health Initiatives' New Senior VP for Capital Finance
- How Chargemaster Data May Affect Hospital Revenue
- Hospital Pricing Irks Nurses; More Jobs, Less Pay
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Quiet ORs Better for Patient Safety
- CMS Releases Hospital Pricing Data
- Evidence-Based Practice and Nursing Research: Avoiding Confusion