Large Map

Hawaii hospitals still losing money

Low reimbursements from gov't programs a factor

Updated: Thursday, 05 Nov 2009, 4:36 PM EST
Published : Thursday, 05 Nov 2009, 4:36 PM EST

HONOLULU (AP) - Hawaii's 16 hospitals are continuing to lose money.

That's the finding of a study the Ernst & Young accounting firm conducted for the Healthcare Association of Hawaii.

It says the island hospitals had operating losses of $187 million in 2008. That's on top of $212 million in losses reported for 2007.

Terri Fujii is managing partner for Ernst & Young.

She said Wednesday that low reimbursements from government health programs contributed to the losses. She also cited a lack of long-term nursing facilities resulting in patients staying in hospitals longer.

Looking to the future, Fujii says hospital losses likely will spike next year as unemployed people run out of temporary COBRA insurance and more uninsured people go to emergency rooms.

 

Copyright Associated Press, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Ground rules for posting comments: No profanity or personal attacks. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Keep it civil, folks!

  • Comments (Login not required)
  • Recommended Stories