#NEWTON WELLESLEY HOSPITAL ADDRESS FREE#

In 2010, inpatient gross billing was $20,472,214 and outpatient gross billing was $93,188,547 for a total of $113,660,760, a healthy number some $8.1 million over budget. “Once it happened I said it worked better than I thought it would, and I still say that.” “It is by and large a very successful program,” Mr. There was some slippage last year, but he expects it will continue to provide for people who need insurance. Walsh said the state’s insurance program continues to help and has his support. By law the hospital must provide treatment to everyone who walks into the emergency room. Walsh said it is very difficult to insulate the hospital against nonpayment. The number might have been higher but for Commonwealth Care, the subsidized state health insurance plan enacted to provide universal access to insurance coverage for all Massachusetts citizens. “Remember, this was during the financial crunch.” The hospital provided $4,129,732 in uncompensated care in the 2009 fiscal year that ended on March 31, 2009. Patients come into the hospital and receive care, and then do not pay the bill. Depending on income and family size, all medical care or a portion of care is covered.īad debt is uncomplicated.

#NEWTON WELLESLEY HOSPITAL ADDRESS FREE#

Patients must be prequalified to benefit from the free care program. The hospital covered the additional $3.3 million cost of care it provided to patients covered under the Health Safety Net program. In 2010, Martha’s Vineyard Hospital paid $395,000 into the free care pool. Money is provided based on a state formula. In some cases, patients who meet income guidelines qualify for so-called free care, under the Massachusetts “Health Safety Net” program.Īnnually, hospitals and state taxpayers contribute to the state’s “free care pool,” a reserve from which payments are made to hospitals to help underwrite, but not completely offset, the costs of free care. The Martha’s Vineyard Hospital must treat everyone who requests medical care. That could include some type of tuition subsidy for employees’ children, he said.

“We are trying to work with them on that,” Mr. He said the employees are exploring continuing the operation as a private business.

Walsh estimated it costs the hospital approximately $100,000 annually to staff and operate a program that 14 employees now use. Walsh said the hospital has been operating its own daycare program in a rented space in a building on Ryan’s Way in Oak Bluffs. He said that while the hospital is financially healthy, the budget numbers make it clear that the hospital must take measures to remain financially healthy within a shifting health care industry. Walsh, the hospital’s former chief financial officer, provided a detailed explanation of the budget numbers. In addition, the group now includes Newton-Wellesley Hospital, North Shore Medical Center, Faulkner Hospital, McLean Hospital, and Spaulding Rehabilitation Hospital. In January the hospital laid off 16 employees.īoth island hospitals are affiliates of the Massachusetts General Hospital (MGH) and members of Partners HealthCare, a nonprofit founded in 1994 by MGH and Brigham and Women’s Hospital. The news was not so good on Nantucket, where the Nantucket Cottage Hospital ended its fiscal year with a $4 million deficit on a budget of about $36 million. Gifts of $750,000, investment income of $98,508 and a rise in the value of investments that had previously plummeted, raised the total gain for 2010 to $3,935,734, according to a statement of operations furnished by the hospital to The Times, at the newspaper’s request.īottom line, discounting the paper profit on investments or unrealized gain, the hospital made about $1 million on operating revenues and gifts this fiscal year. Much of that care was provided in the emergency room, he said. Walsh attributed the increases to the depressed economy in 2009.

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