Southwest Health reports financial stability and plans for community care expansion

Montezuma County's healthcare landscape is on the upswing, as highlighted in a recent workshop led by Mr. Thine from Southwest Health System (SHS). The meeting revealed promising financial stability for the hospital, with an operating income of $1.7 million in 2024, a significant turnaround from previous years of losses. This year, the hospital's operating income has already surpassed last year's total, driven by an increase in patient visits and improved staff retention rates.

Mr. Thine emphasized the importance of community engagement, noting that more residents are choosing to utilize local healthcare services. The hospital has seen a 5% growth in adjusted patient days, exceeding the forecasted 4%. Retention rates for nursing staff remain high at over 90%, which is crucial for maintaining quality care and reducing costs associated with temporary staffing.

The discussion also touched on the hospital's revenue sources, with Medicaid accounting for 17% of expected cash collections. This figure sparked a brief debate about differing estimates from community surveys, but Mr. Thine clarified that while the number of Medicaid patients is high, the reimbursement rates are lower compared to other payers.

Looking ahead, the hospital is preparing for potential challenges, including possible reductions in Medicare reimbursements and changes to Medicaid funding. Mr. Thine outlined plans to enhance cardiology and oncology services, including recruiting a full-time cardiologist and expanding local oncology care, which has already seen increased patient referrals.

The meeting concluded with a commitment to continue improving community health and access to emergency care, ensuring that residents receive necessary treatments without leaving the county. As the hospital navigates upcoming federal changes, it remains focused on growth and sustainability, aiming to provide high-quality healthcare for all.