Report shows Indiana hospitals lost more than $700 million in income in 2023

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Rachael Wilkerson joined the WRTV family in September of 2021. Rachael comes from NBC 15 in Mobile, AL where she worked as an investigative journalist and fill-in anchor.

A new report shows Indiana hospital systems are struggling financially, and it's not just rural facilities.

"What I'm afraid of is even though 2024 is a little better long term, I'm not sure we are living in a sustainable model when it comes to healthcare reimbursement," said President and CEO Dr. David Dunkle.He attributes the financial strain to inflation and a lack of insurance reimbursements from medicaid and medicare.

"We're getting paid less than ever. The number of denials has increased significantly, especially in the last year. It's ridiculous that that we provide the care and then beg the insurance companies to pay us 90 days later," said Dr. Dunkle. Tabor said at least seven to eight hospitals across the state are on the verge of closing or cutting services. On top of the dozen that have already cut staff, labor and delivery units, or closed within the past four years.

 

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