The Franklin, Tennessee–based for-profit hospital chain has sold another asset as part of its ongoing efforts to reduce about $1.5 billion in debts. The sale of Byrd Regional Hospital leaves CHS with one hospital in Louisiana.
Private insurance spending for hospital care is decelerating, owing to aging Baby Boomers transitioning to Medicare, the impending repeal of the individual mandate, and the growth of high-deductible plans that constrain utilization.
The budget deal passed by Congress delays for two years $2 billion in cuts to disproportionate share payments. Safety net providers say that the additional time can be used to fashion a long-term solution for uncompensated care costs.