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."
17 Million Patient Records Stolen in PIH Health Ransomware Attack
Holidays are Prime Times for Healthcare Cyberattacks
Hartford Healthcare Forms Partnership to Open Health Equity Clinic
UCHealth Reveals Plans for Memorial Hospital North Expansion
What Are 'Hospi-tels'?