Onslow Hospital works to recover from financial deficit

Jacksonville

JACKSONVILLE, N.C. (WNCT) — Onslow County’s largest off-base hospital is facing serious financial troubles that could impact the hospital and county residents.

Last year, Onslow Memorial Hospital operated at a financial deficit of almost $8 million.

Now, the hospital is setting the record straight about it’s financial situation and the steps it’s taking to fix it.

Hospital Vice President of Public Affairs Amy Sousa said the hospital is taking steps to turn the financial situation around.

“There’s a lot of things that have been in the works,” said Sousa, “over the past year or even two years that the hospital has addressed in terms of revenue cycle improvement.”

Sousa said one of the reasons the hospital has struggled over the past two years is shrinking reimbursement from Medicaid and other federal programs.

“One of the reasons that has really impacted us as a community hospital,” said Sousa, “is we don’t have the scope and breadth and depth of a larger health system.”

She said if the hospital was impacted, it would have an effect on more than just patient care.

“Onslow Memorial Hospital is one of the larger employers in Onslow County,” said Sousa. “We have more than a thousand people who work here. We have a huge impact on the economy.”

That’s why the hospital is considering many options to increase their revenue.

“Onslow Memorial Hospital has stood the test of time and will stand the test of time,” said Sousa.

The hospital’s operating loss was up from just over five hundred thousand dollars in 2016 to nearly eight million dollars in 2017.

Hospital officials said the hospital is also considering grants and outside funding, among other solutions, to cover the deficit. They said no solution is off the table.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

LKQD Outstream

Trending Stories

news-app-download-apple-350x50news-app-download-android-350x50