Eastern Maine Medical Center in Bangor is dealing with a quote “significant financial shortfall.”
That’s according to a press release on the hospital’s website.
EMMC’s president and CEO says the hospital has not met their targets due to changes in Medicaid and Medicare reimbursement totaling an estimated $10 million annual decrease in funds.
As well as, $27 million in free care and bad debt as a result of the Affordable Care Act, which is an $8 million increase than the same time last year.
And, it says they have had lower than expected volume in certain service areas.
In response, the hospital says it is reviewing its operations, trying to improve efficiency and reduce expenses.