For the 2017 fiscal year, gross revenues for Magnolia Regional Medical Center are in the black. But that has not stopped the ever-increasing contractual adjustments — the portion of a patient’s bill that a doctor or hospital cannot charge for due to billing agreements with an insurance company — from taking a sledgehammer to the local hospital’s year-to-date profits. As of September, MRMC’s gross yearly revenue is $1.4 million for 2016 but still under its 2017 financial goals.
“Contractuals are as high as I’ve ever seen them,” said MRMC CEO Rex Jones at Monday’s board of directors meeting. “We’re building more money than we were last year, yet we’re making a lot less. It’s just very frustrating.”
“It’s not fair,” added fellow board member Dr.