Singing River cuts projected patient collections

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News,Business

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.

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Information

from: The Mississippi Press, http://www.gulflive.com

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