Charles City, Iowa – The Floyd County Medical Center is bleeding money and is asking for funds from Floyd County.
At this mornings board of supervisors meeting, Rod Nordeng the hospital’s administrator, requested 500 thousand dollars.
The request comes after a near 239,319 dollar loss for the first five months of this fiscal year and a 323,547 dollar loss from the last fiscal year. The hospital takes the biggest hit in Medicare reimbursement where they lose 742 thousand dollars. Seventy to 73 percent of the hospital’s patients are enrolled in medicaid or medicare, much higher than the area average.
This is board of supervisors chair Linda Tjaden.
The hospital has not received county tax dollars for the last 20 years. The five year average for FCMC for cash on hand is 2.62 million. Grundy Center’s county hospital is the closest representation and they operate with nearly 10 million dollars on hand.
Tjaden tells KCHA News as budget season approaches these decisions aren’t easy.
The hospital cut costs by closing its Nashua Clinic and found a new home for meals on wheels. Nordeng and other area hospital administrators are starting to discuss plans to share physicians and programs.