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COVID restrictions hamper hospital’s recovery Written by Geoffrey Plant on February 8, 2021
Since an outside management company took over the day-to-day operations of Gila Regional Medical Center last year and successfully qualified it as a federally designated critical access hospital, the county-owned nonprofit’s financial outlook has started to improve.
Nonetheless, the pandemic and related restrictions are negating financial turnaround measures, according to HealthTechS3’s Scott Landrum, interim CEO for Gila Regional.
As a critical access hospital, Gila Regional is now entitled to far higher Medicaid patient care cost reimbursements, among other financial advantages. However, it would need normal volumes of patients to see the benefit of those increased payments, and that’s simply not in the cards right now.