Report: Most Nevada Hospitals Losing Money

By: Associated Press Email
By: Associated Press Email

RENO, Nev. (AP) - According to a report, about two-thirds of Nevada's general hospitals lost money in the third quarter of 2011, despite cost-cutting measures over the last few years.

The report, obtained by the Reno Gazette-Journal, shows that 20 of the state's 33 hospitals lost money in the quarter. Specialty hospitals such as rehabilitation or psychiatric centers are not included.

According to data from the University of Nevada, Las Vegas-based
Center for Health Care Information Analysis, hospitals around Reno and Carson City reported losses of $29.3 million, while hospitals around Las Vegas posted a $45.7 million combined loss in the third quarter of last year.

Analysts say rural hospitals had a combined $52.7 million profit, but that total is largely driven by Elko, which is enjoying a gold-mining boom.

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