Tomah hospital announces lower rate adjustment
Officials at Tomah Memorial Hospital say an annual adjustment to rates will be lower than the average price increase at hospitals across Wisconsin. Despite rising costs, Tomah Memorial Chief Financial Officer Joe Zeps says, “the hospital’s 2.8% rate hike is below the Consumer Price Index and lower than the average rate increase reported for all Wisconsin hospitals. We take any adjustments to our rates seriously. Over the past 3-years we’ve continued to see increases in supply and personnel costs and decreases from reimbursements we receive from 3rd parties. Fortunately, we have been able to make good business decisions that have allowed us to minimize any adjustments to our rates.” Zeps said, “as an independent hospital, officials strive to keep prices as low as possible, while balancing the organization’s not-for-profit mission.” The Wisconsin Hospital Association has reported that the average rate increase for all Wisconsin hospitals is expected to be 4.8%. Rates for all hospitals in Wisconsin are available on-line at the Wisconsin Hospital Association’s website at www.whainfocenter.com The new hospital rates went into effect October 1st, 2012.
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