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Originally Posted by Mack184
Absolutely 100% correct. The problem is most of the people who post on this subject don't want to hear the truth.
However..the problem within TV is more acute than in other places because the revenue stream that TVRH has to rely on is Medicare and their reimbursements are falling quickly, that leaves TVRH with a very thin operating line.
The average hospital gets about 36-38% of it's revenue from Medicare. At TVRH it's 88%..the highest of ANY hospital in the USA.
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i don't know if anyone read the Newsweek magazine that was pretty much entirely about the costs of healthcare and more to the point about hospital costs. What was an eye opener was that even at medicare reimbursement, hospitals are profitable.