Two rural Colorado hospitals and Denver’s urban safety-net facility have faced cash crunches in the last year. Now, they are getting closer to financial recovery, but still have to make some …
Three Colorado hospitals that faced severe cash crunches in the last year are getting closer to financial recovery, but still need to make changes to be sustainable in the long term.
Denver Health wasn’t the first Colorado hospital to find itself cash-poor in the last year. In December 2022, St. Vincent Health was so short on funds that The two rural hospitals also have suffered from insurance companies delaying or denying reimbursement for care, Johnston said. Large health systems have teams of employees focused solely on working — or fighting — with insurance companies, but that’s not an option for smaller rural facilities, she said.
Without one-time funds like the legislature’s appropriation, Denver Health likely would have lost about $18 million this year, Lynne said. Kaiser Permanenteto Denver Health to cover uncompensated care and other expenses. “The work that we do at Denver Health is stressful, risky and, quite frankly, our employees could go to other health care institutions and have a much easier life,” Lynne said.
“Time and time again, we are expected to serve the city,” Lynne said. “But mission only goes so far.”in Leadville and quickly added services, such as behavioral health care and genetic testing. At the time, the hospital appeared flush with temporary money to ride out the worst of the COVID-19 pandemic, but when the time came to repay federal loans, it found itself short of cash and had to scale back or end those new services.
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