Rice Hospital in Willmar, Minn., begins planning for impact of declining reimbursement
WILLMAR -- Rice Memorial Hospital leaders asked themselves last year: What will happen when health care reimbursement tightens further and commercial insurers potentially reduce their payments to a level similar to Medicare?
To begin answering the question, they developed a model that predicts the financial impact.
It will be significant -- as much as $19 million to $20 million, based on the city-owned hospital's revenue and expenses for 2011.
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