Although Wyoming Medical Center, based in Casper, does not anticipate laying off employees after finding out CMS would be stripping away its "sole community provider" status, CEO Vickie Diamond is considering different ways to cut costs, according to a Casper Star-Tribune report.
Earlier this month, CMS decided to revoke WMC's "sole community provider" status, leaving the hospital to face reductions of $8 million in annual Medicare reimbursements. WMC received the reimbursements because it offered a full range of services regardless of their profitability.
In October, WMC started a program to cut out $11.7 million in costs in preparation of the potential loss of sole provider funds, according to the report. Ms. Diamond expects the hospital to streamline more operations, such as changing procedures for treating certain heart attack patients to eliminate unnecessary steps.
Earlier this month, CMS decided to revoke WMC's "sole community provider" status, leaving the hospital to face reductions of $8 million in annual Medicare reimbursements. WMC received the reimbursements because it offered a full range of services regardless of their profitability.
In October, WMC started a program to cut out $11.7 million in costs in preparation of the potential loss of sole provider funds, according to the report. Ms. Diamond expects the hospital to streamline more operations, such as changing procedures for treating certain heart attack patients to eliminate unnecessary steps.
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