Local Hospitals Could Lose Funding With Federal Sequestration Cuts
If sequestration takes place, Faxton-Saint Luke's Healthcare could lose more than $13 million in Medicare reimbursement. Other hospitals in the region could also lose millions.
The Healthcare Association of New York State says if sequestration occurs on Friday, hospitals across the state will lose more than $2.1 billion through 2021.
Among them are Crouse Hospital in Syracuse, Little Falls Hospital and Oneida Healthcare Center.
The possible funding issues would combine with other federal cuts already costing state hospitals more than $20 billion over the next ten years. HANYS says the $20 billion breakdown is mostly attributed to a $15.9 billion in cuts from the implementation of the Affordable Care Act. Another $4.1 billion is from the Medicare inpatient coding reductions, and a relatively small $23.5 million comes from Medicare cuts in provider support for unpaid patients' debt.
A list of local hospitals impacted can be found below:
Crouse Hospital - $15,658,000
Faxton-St. Luke's Healthcare - $13,096,000
St. Elizabeth Medical Center - $11,388,000
Rome Memorial Hospital - $3,946,000
Oneida Healthcare Center - $2,577,000
Little Falls Hospital - $1,890,000
Community Memorial Hospital - $1,776,000