Las Vegas’ UMC lost $70M last year
The financial losses are starting to pile up for Clark County's public hospital. University Medical Center posted an operating loss last year that exceeded $70 million, nearly 3 percent more than last year's loss. The hospital has tried for years to minimize the losses but there's very little hope UMC can be back in the black anytime soon. Three years of budget shortfalls has meant layoffs and paycuts. The hospital's CEO says there won't be anymore cuts, so now the focus is filling that $70 million hole. Being the largest public hospital in the state, UMC has to take every patient whether they can pay or not. Last year the hospital ate $250 million in unpaid bills.
- Will More Pioneer ACOs Defect?
- Interventional Radiology No Longer a Sub-Specialty
- Charity HealthCare Conundrum Brewing Among Providers
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Evidence-Based Practice and Nursing Research: Avoiding Confusion
- Acute Kidney Injury Gets New Focus
- CNO Leads $1M Charge for New Scrubs, Uniforms
- mHealth Tackles Readmissions
- Transforming Cancer Care
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013