User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


34° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Sanford, Avera Prepare For Sequester Cuts

March 1, 2013, 4:55 PM by Perry Groten

Sanford, Avera Prepare For Sequester Cuts
SIOUX FALLS, SD -

South Dakota hospitals stand to lose millions of dollars as a result of the across-the-board cutbacks that begin Friday with the federal sequester.

The sequester means hospitals will receive two percent less in Medicare reimbursements.  But both Sanford and Avera Health say those cutbacks won't affect patient care.

The sequester budget axe comes down hard, like a surgical strike, on hospitals in Sioux Falls.

"In dollars and cents, it means about $10 million, so it is a pretty significant hit," Sanford Vice-President of Health Policy Cindy Morrison said.

But it's a hit hospitals say they can absorb without their patients feeling the blow.

"The most important thing is that the core of what we do is take care of patients, so we will do everything we can to make sure nothing affects patients," Morrison said.

"We'll continue to have our doors open and lights on and continue to provide top-notch service," Avera Vice-President of Medical Affairs Dr. Mike Elliot said.

But hospitals are concerned patients will now be less willing to see their doctor.

"If they realize that as part of the cuts from a sequestration it puts a financial hardship on themselves, are they a little more reluctant to pay the co-pay?" Elliot said.

Both Sanford and Avera say dealing with the Medicare cutbacks won't be a shock to their systems since cutting budgets has been standard procedure already for years at the nation's hospitals.

"When we have a tight bottom line, every little bit matters, but it's manageable," Elliot said.

Hospitals say they can offset the loss in sequester-related Medicare payments by improving efficiencies that won't come at their patients' expense.

While the Medicare cuts take effect Friday, hospitals say they won't begin to see the effect for about another month.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Website Ranks The 25 Best Jobs For 2015

1/28/2015 5:12 AM

Physician assistants topped the list, which has an average base salary of $111,376.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Refinery Issues Lead To Higher SD Gas Prices

1/27/2015 11:10 AM

For the first time in months, South Dakota's average gas price rose last week.  According to a AAA report, the increase is due to a series of...

Full Story
Proposed Egg Farm Drawing Complaints In Turner County

1/27/2015 7:30 AM

A Sioux Falls-based company hopes to more than double the number of egg-laying hens in South Dakota by opening a large chicken operation near Parker.

Full Story


Events