It’s no secret 80 rural hospitals have closed since 2010 and another 673 are at risk of closing. But what about the hospitals that are finding ways to prosper with all the economic pressures surrounding them?
In a recent article published by HelathcareDive.com, our partnering hospital, Lexington Regional Medical Center (LRMC) located in Lexington, NE is one of those critical access hospitals that is prospering by acknowledging the shift to value-based care and aligning themselves with quality-driven, cost-conscious trends in healthcare. In 2010, LRMC was experiencing a negative 2.8 total margin. After adding new service lines, an urgent care center, and outpatient surgical services in 2013, LRMC turned their negative margin into a positive 8% total margin.
Also, mentioned in the article was LRMC ability to partner with groups, like RPM, that bring specialty surgeons to the hospital to perform operations. By providing new inpatient and outpatient services, LRMC revenue went from about $20 million in 2010 to about $32 million in 2013.
To learn about what services RPM offers to LRMC and other partnering hospitals, please visit www.ruralpartnersinmedicine.com or call us at 720-432-4419.
To read the entire article, please visit HealthcareDive.com by clicking the following link: In Rural America, Some Hospitals Find a Way to Prosper and Grow