St. John’s Medical Center in Jackson Hole is raising prices for inpatient and outpatient services.
The eight percent increase was approved by St. John's Health's board of trustees in an effort to align prices with similar Mountain West medical facilities. Chief Financial Officer John Kren said the hospital has raised prices over the past couple of years.
"From an operating perspective, this was a good year, not only to move the price point up to the midpoint, but the net effect will be able to help us get our bottom line up to at least break even from an operating perspective," said Kren.
Kren said the hospital’s net revenue decreased by 30 percent in April but was only down about 12 percent in June due to COVID-19.
Kren said this will help keep the medical center fully staffed.
"We do believe it's the most fiscally responsible thing to do for the medical center as well as the community in order for us to be able to maintain the level of high quality services that we're currently providing," he said.
Kren said it shouldn’t have a huge effect on patients' access to services.
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