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Report Shows FCMC Losing Money, Suffering From Medicaid Reimbursements

Charles City, Iowa – The Floyd County Medical Center is losing money.  

Hospital Administrator Rod Nordeng and Chief Financial Officer Ron Timpe presented the Floyd County Supervisors with their financial report for 2018 and it shows a loss of 114,000 dollars.  Nordeng says despite the financial difficulties, the hospital is operating at its best.

 

Last year the hospital netted a 30,000 dollar profit.  Timpe says the issue is medicaid M-C-Os don’t reimburse the hospital completely-only a percentage is paid.  This year the hospital lost 742,000 dollars in medicaid expenses, part of the cost is from meals on wheels.  Nordeng says the government healthcare programs sometimes can be an issue.

 

Nordeng says the numbers may change because this year’s audit is not finalized as the hospital is waiting for an outside firm to finish its independent audit.

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Chris Berg

Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki, daughter Brynlee and son Jaxon.
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