Healthcare Economics

Soaring costs may cause Colorado's poor to lose healthcare provider

Published in Health Business Week, May 14th, 2004

Colorado's largest healthcare provider for the poor is considering reducing care for uninsured patients if government subsidies continue to outpace rising costs.

Patricia Gabow, chief executive of Denver Health Medical Center, said the pace of financial losses has slowed. Denver Health lost just $93,000 in the first 3 months of 2004, compared with $5.4 million in the first 4 months of 2003. But she said the cost of caring for the uninsured rose to $240 million in 2003 and prescription costs are skyrocketing. The cost of charity care has risen $87 million in 3 years, but the revenue to support it has risen just $14 million.

Denver Health is...

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Source: Health Business Week (2004-05-14)

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