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Report: Ashland Community Lost $2.5 million In Last Fiscal Year
The Ashland Community Hospital says it lost $2.5 million in the last fiscal year. Officials say the loss was expected and shows why the hospital board is negotiating to join the San Francisco hospital system Dignity Health.
The Ashland hospital's development director, Janet Troy, attributed most of the loss to unreimbursed costs associated with treating Medicare and Medicaid patients, other unpaid medical bills and charity care.
The Ashland Daily Tidings reported that the Ashland hospital would be Dignity Health's first affiliate in Oregon. It is the nation's fifth largest hospital system, operating 40 hospitals and 150 care centers in California, Arizona and Nevada.
Troy said the partnership could be formed by early October.