Uncertainty about healthcare legislation is forcing some U.S. hospitals to delay expansion plans, cut costs, or take on added risk to borrow money for capital investment projects, according to an article on the Reuters website.
Hospitals usually have multi-year operating plans, but since the election, Denver Health has deferred $73.7 million-worth of construction projects, the article said.
"We want to know what will happen with the Medicaid expansion population, and what will be the timeline for that," said Peg Burnette, Denver Health’s chief financial officer.
"Due to the uncertainty, we're not going to issue new debt. We have no plans for that in the near future."
The Role of Positive Distraction in Pediatric Design
Healthcare Waste is Fueling America's Debt
Prairie Lakes Healthcare System to Rebrand Following Sanford Health Merger
How Digital Technologies Are Reshaping Performance in Healthcare Facilities
The Role of Plumbing in Healthcare-Associated Infections