Juneau, Alaska (KINY) - The bottom line budget figures for Bartlett Regional Hospital during Fiscal Year 17 are in.
Hospital CEO Chuck Bill talked about their budget picture while a guest on Action Line this week.
He said it was a tough year for the hospital from an operational stand point. "What we're seeing is that a lot higher percentage of our patients are paid for by the government, either Medicare or Medicaid, or some other format. Compared to commercial insurance they pay about half of what commercial insurance pays for the same service. So even though are numbers were really solid, actually up by about 12 percent, we actually lost money on operations last year."
But Bill added the loss was offset because the hospital did get the Medicare Rural Demonstration Project renewed. "And so we're going to show a small, positive bottom line for year following our audit." He further added that's unless something strange happens with the Public Employees Retirement System or PERS fund which has been occurring based on changes to accounting principles.