PASCAGOULA, Miss. (AP) — New financial projections predict Singing River Health System will collect $88 million less from patients that previously expected.
The adjustment comes after the county-owned hospital system changed auditing firms. The Mississippi Press reports (http://bit.ly/MKha1Q) that hospital system is now using a different method to estimate future collections.
Chief Executive Officer Kevin Holland says the adjustments reduced by $61 million the amount expected for services performed in the five years ending in 2012 and reduced by $27 million projected revenues from 2013 patient services.
Singing River runs hospitals in Pascagoula and Ocean Springs, as well as facilities elsewhere. It has an annual budget of $370 million.
Jackson County taxpayers have pledged a property tax as a backstop if the system can't pay its debts.
Informationfrom: The Mississippi Press, http://www.gulflive.com