PORTLAND, Maine & WASHINGTON--(BUSINESS WIRE)--The Chartis Center for Rural Health will present new findings on the downward trajectory of rural hospital operating margins to advocates and members of Congress during the National Rural Health Association’s Rural Health Policy Institute conference in Washington.
Residual effects of government policy and market factors have created significant downward pressure on rural provider revenues. New research shows the percentage of rural and Critical Access Hospitals with a negative operating margin has increased from 40 percent to 44 percent over the course of the last 12 months.
In response to these latest findings, the Chartis Center for Rural Health updated its models charting the impact of legislative policies – Sequestration, Bad Debt, PPS Coding Offset, and 340B – on the rural health safety net. Within one year, the potential impact to rural communities nationally would be:
- $550 million in rural hospital revenue lost
- 12,000 jobs lost
- $1.4 billion in Gross Domestic Product lost
“Our research has already shown that significant socioeconomic and health disparities exist within rural communities, and these latest findings shed new light on the extent to which current and pending legislative policies impact rural provider revenue,” said Michael Topchik, National Leader of The Chartis Center for Rural Health. “We are delighted to be able to present once again at the Policy Institute conference and have the opportunity to share these important findings with the National Rural Health Association and members of Congress.”
Research Infographic: Learn more about the pressure points impacting rural provider revenue at http://www.ivantageindex.com/infographic-policy-impact-on-rural-provider-revenue/.
Rural Health Policy Institute Presentation: To access a copy of the presentation delivered by The Chartis Center for Rural Health at this year’s Rural Health Policy Institute visit http://www.ivantageindex.com/research-education2/.
About The Chartis Group
The Chartis Group® (Chartis) provides comprehensive advisory services and analytics to the healthcare industry. With an unparalleled depth of expertise in strategic planning, performance excellence, informatics and technology, and health analytics, Chartis helps leading academic medical centers, integrated delivery networks, children's hospitals and healthcare service organizations achieve transformative results. The Chartis Center for Rural Health (CCRH) was formed in 2016 to offer tailored services, performance management solutions, research and education to rural hospitals and facilities. Learn more at ChartisRural.com.