Singing River Health System faces $88 million shortage - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Singing River Health System faces $88 million shortage

Posted: Updated:
  • Heartland NewsMore>>

  • Healthy looking teens may still have anorexia

    Healthy looking teens may still have anorexia

    Wednesday, August 27 2014 8:14 PM EDT2014-08-28 00:14:08 GMT
    You've seen the images of what people typically look like who have anorexia, but a new study said the number of teens who have an eating disorder but look healthy has drastically increased in recent years.
    You've seen the images of what people typically look like who have anorexia, but a new study said the number of teens who have an eating disorder but look healthy has drastically increased in recent years.
  • SIUC to spend $30 million on maintenance

    SIUC to spend $30 million on maintenance

    Thursday, August 28 2014 12:05 AM EDT2014-08-28 04:05:38 GMT
    A photo of what the LED lamps will look like. (Source: Giacomo Luca, KFVS)A photo of what the LED lamps will look like. (Source: Giacomo Luca, KFVS)
    Southern Illinois University Carbondale has began work on a $30 million deferred maintenance project that will include improvements to SIU campus.
    Southern Illinois University Carbondale has began work on a $30 million deferred maintenance project that will include improvements to SIU campus.
  • Tattoos encouraged at one Heartland church

    Tattoos encouraged at one Heartland church

    Wednesday, August 27 2014 11:13 PM EDT2014-08-28 03:13:12 GMT
    The Exchange Community likes to call itself “a church for people who don't like church.”
    The Exchange Community likes to call itself “a church for people who don't like church.”
PASCAGOULA, MS (WLOX) -

Officials at Singing River Health Systems revealed Monday that their former auditor overestimated the amount of money the hospital would collect from uninsured and underinsured patients by millions. The amount dates back to 2008. Monday, they broke the news to the Jackson County Board of Supervisors in executive session before meeting with the media.

Singing River Health System provides healthcare for a quarter million people in the six southern counties, as well as Alabama. Yet, there is a possibility $88 million in bills will go unpaid.

"The amount of uncompensated care that we generate every year is growing every year, and it is the largest it has ever been," CEO Kevin Holland said. "This is a very difficult time in the industry."

According to CEO Kevin Holland, Singing River recently hired a new audit firm which uncovered some errors. Basically, the past projections overestimated how much money would come in for the services provided. 

"For the five years or so leading up 2012, it's about $61 million. That number averages up to about three percent of our expected net revenue collects over a period of years. For 2013, with our new audit firm, we expect the number to be about $27 million.

Jackson County owns the health system and backs its bonds, but doesn't provide direct funding.  Supervisor Melton Harris said he wasn't surprised to learn the hospitals are facing some money challenges. 

"We knew the problem would come with our state refusing to expand Medicaid. We know earlier the problem that it was not only imposing on Singing River Hospital, but hospitals across our state," Harris said.

Mississippi is one of at least 20 states which did not expand Medicaid under the Affordable Care Act. Hospital leaders said that move has left more bills unpaid.  

"You don't go to Walmart without the ability to pay for the services and get a bunch of stuff and don't pay for them. Healthcare is different," Holland said. 

Holland said Singing River Health System won't stop providing the care patients expect, but leaders will just have to find a way to adjust to the financial challenges everyone in healthcare faces.

SRHS officials said they will continue to work aggressively to collect the money they are due. They also plan to continue to lobby state legislators to expand Medicaid.

Copyright 2014 WLOX. All rights reserved.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.