Hospital finances start to rebound | AspenTimes.com
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Hospital finances start to rebound

Aspen Times writer

In a meeting marred by discontent over recent firings, the hospital board was able to announce some positive news regarding its financial situation last night.Three months ago, there was $7 million in hospital bills that had not been sent to payers, according to hospital officials. Currently, there is around $1 million. The number of days it takes AVH to send a bill to a patient after service has also been reduced from around 50 days three months ago to nine days at present.The improvements in billing and collection mean the hospital is currently breaking even in its operations. At the height of its recent financial crisis, the hospital was losing around $1 million a month.”To go from where we were three months ago to where we are today is pretty impressive,” board President John Sarpa said.


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