SAN FRANCISCO — Chinese Hospital, situated in the heart of this town’s famous Chinatown, struggles with several of the exact same economical and demographic issues that plague small impartial hospitals in underserved spots across the country.
Several of its clients are getting older Chinese speakers with restricted incomes who are reliant on Medicare and Medi-Cal, which shell out fewer than commercial coverage and often don’t fully cover service provider fees. And thanks to an arcane federal rule, Chinese Hospital gets a reduced rate of reimbursement than quite a few other hospitals that treat a substantial selection of small-revenue individuals. Insert the higher charge of labor and materials in this post-pandemic world, and it’s not tough to see why the healthcare facility misplaced $20 million above the past two several years and tapped a nearly $10.4 million personal loan from the condition’s distressed medical center personal loan fund.
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