May 29, 2012
Budget Revisions Coming
Last Friday, the leadership team was challenged to revise their departmental budgets for the second half of the year. As a part of new developments, KSB Hospital is poised to receive considerably less payment for services beginning soon.
Second, the State of Illinois recently enacted Medicaid reform legislation. Part of the reform package was a 3.5% rate reduction for hospitals. There were some positive financial changes in the package too, but the rate cut is the most direct result.