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Illinois Hospitals Hit Hard By Recession
Date:4/9/2009

vantage of nearly $3 billion in additional federal Medicaid matching funds by reducing the Medicaid payment backlog -- which now stands at more than $2 billion in unpaid bills -- in order to meet a prompt pay requirement of the federal economic stimulus law. IHA and hospitals previously partnered with the State to establish a new five-year Hospital Assessment Program that is bringing the State nearly $4.5 billion in new federal Medicaid funds.

Prior to the current recession, more than half of Illinois hospitals (54.7%) were losing money on patient care. Hospitals have also been receiving substantially less than the cost of providing health care services for Medicaid and Medicare patients (75% and 89% of cost, respectively).

The IHA economic impact survey was conducted in February and March of 2009, with 138 (69%) of the Association's 200 members responding.

The Illinois Hospital Association, with offices in Naperville and Springfield, is an advocate for 200 hospitals and health systems and the patients and communities they serve. For more information, see IHA's Web site, www.ihatoday.org.

To view charts, click the following link:

http://www.ihatoday.org/news/econimpactrelease.pdf


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SOURCE Illinois Hospital Association
Copyright©2009 PR Newswire.
All rights reserved

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