A new report shows Indiana hospital systems are struggling financially, and it’s not just rural facilities.
Johnson Memorial Health said last year was the worst it’s ever had financially with the hospital losing millions of dollars.
The CEO said if this continues to happen, he doesn’t see the light at the end of the tunnel for the hospital.
“What I’m afraid of is even though 2024 is a little better long term, I’m not sure we are living in a sustainable model when it comes to healthcare reimbursement,” said President and CEO Dr. David Dunkle.
Dr. Dunkle said Johnson Memorial Health is dipping into its savings.
He attributes the financial strain to inflation and a lack of insurance reimbursements from medicaid and medicare.
“People don’t realize, though we’re a business, 65% to 70% of our business is governmental payers. That’s Indiana Medicaid, and federal Medicare,” said Dr. Dunkle.
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