Mergers help Colo. hospitals achieve profits

Mergers help Colo. hospitals achieve profits

Consolidation helps Mercy; federal cuts worry others
Most Colorado hospitals reported strong profits in 2010, according to a report compiled by the Colorado Health Market Review. Consolidation, a trend that continues to help hospitals stay in the black, has helped Mercy Regional Medical Center, which now operates under Centura Health.

Mergers help Colo. hospitals achieve profits

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Most Colorado hospitals reported strong profits in 2010, according to a report compiled by the Colorado Health Market Review. Consolidation, a trend that continues to help hospitals stay in the black, has helped Mercy Regional Medical Center, which now operates under Centura Health.
Mercy Regional Medical Center gives back

Caring for the community, Mercy Regional Medical Center executives stress, has been an integral part of the hospital’s mission since it was founded in 1882.
Much of the care it provides is not reimbursed. Today, the hospital not only provides medical services to those who need it and cannot afford to pay, but it also encourages employee volunteerism and donates cash and gifts to local nonprofits and community organizations that promote physical and spiritual health and wellness.
From July 1, 2010, to June 30, 2011, the hospital reports:
$8 million in community benefits were provided, with much of that going to caring for uninsured and under-insured patients.
$3.17 million in charity care was provided.
$4.91 million in indigent care and care for under-insured Medicaid recipients was provided.
$120,000 in non-billed health services were provided communitywide.
$6.7 million in unreimbursed costs associated with treating Medicare patients was absorbed.
Source: Mercy Regional Medical Center

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