On Sunday, the Department of Health Care Policy and Financing (HCPF) released a report on the financial health of Colorado’s hospitals. While some are showing financial strength, others appear to be struggling.
The department’s annual report measures hospital profits, reserves, costs, expenses and the level of community benefit that tax-exempt hospitals offer their communities in place of paying taxes.
“These reports provide valuable insights for Coloradans into where their money is going within health care. Hospital revenue growth represents a rapidly increasing part of the overall health care dollar,” HCPF Executive Director Kim Bimestefer said. “The billion-dollar annual increase shown in this report is reflected in the insurance premium rate increases that Coloradans, employers and the state pay every year.”…