New tax would help California hospital avoid closure

Kern Valley Hospital, a 24-bed critical access hospital in Mt. Mesa, Calif., may close in 2030 if voters do not approve a proposed parcel tax, according to The Bakersfield Californian.

The measure, which will be on the June ballot, would generate approximately $32 million over 40 years and would help fund capital projects at the hospital.

California law requires medical facilities in the state to meet certain standards to withstand earthquakes by Jan. 1, 2030. Kern Valley Hospital currently does not meet the required standards, and the parcel tax would help the hospital avoid closure by providing funding to retrofit the campus, according to the report.

The tax revenue would also be used to help the hospital add new services and expand its emergency department.

More articles on healthcare finance:

How CHS, Tenet, UHS, LifePoint and HCA fared in Q1
Moody's: US nonprofit hospitals see decrease in median operating margin
Acquisition grows Partners HealthCare profits amid plans to cut $600M: 4 things to know

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars