Healthcare DIVE August 12, 2024
However, hospital executives said the uptick in supplemental funding still wasn’t enough to cover their costs.
Most of the nation’s leading for-profit hospital systems posted profits in second-quarter results released last month, boosted by an uptick in supplemental payments from state governments.
Although the profitable health systems — Tenet Healthcare, HCA Healthcare and Universal Health Services — attributed their second-quarter results in part to increased patient volumes and demand for ambulatory care, the systems also noted they received a revenue boost from state Medicaid supplemental payments, additional funds that help cover the shortfall between Medicaid reimbursement rates and the actual cost of care.
The health systems reported supplemental revenues from the payments ranging from $30 million and $125 million...
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