Health Reform has a Nice Financial Ring for Memorial Health System in Colorado Springs

Summary

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Uncompensated care has been a drag on Memorial Health System's bottom line for years, but that could change once the Obama administration's health care reforms take effect and more people become insured.

Assuming a best-case scenario, the two-hospital system's performance could improve by as much as $33 million a year under the legislation passed by the House late Sunday. The hospital currently loses around $70 million annually in uncompensated care costs.

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Extract

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Health Reform has a Nice Financial Ring for Memorial Health System in Colorado Springs

But about $17 million in charity care and $16 million in bad debt each year could be wiped out as more people get coverage.

Also, the system can expect t...

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