Gambrell Pleased with Bed Tax Extension
Stephens County Hospital Administrator Ed Gambrell said Monday that he is pleased that Georgia has continued the so-called “bed tax” on hospitals.
The Governor signed the law continuing the bed tax last week after it passed the state’s General Assembly.
According to Gambrell, hospitals pay the fee to the state and the state then uses that revenue to draw down more federal dollars for Medicaid, which in turn the state uses to reimburse hospitals based on their Medicaid volume.
Gambrell said that the end result helps Stephens County Hospital.
“For us, we will actually gain a little bit in that transaction,” said Gambrell. “Hospitals that have very few Medicaid patients will lose money and they were the ones that were opposing this whole process. But, it is a good way to get dollars to fund the Medicaid program. It is something that has been in effect for the past three years. This new law signed into effect will continue it for four more years. It is a good thing for Stephens County Hospital, so I am glad the governor signed it.”
Elsewhere, the Stephens County Hospital Authority received its monthly financial report at its regular monthly meeting Monday.
According to that report, it was a tough month on the bottom line as revenues were off in January.
Gambrell said last month was a slower one than the hospital had originally budgeted for.
“I have spoken to some hospitals around and I know others have too and it is not just us,” said Gambrell. “For whatever reason, it was a slow January.”
January was a change from the first three months of the hospital’s fiscal year, when it reported strong bottom lines for each of the months of October, November, and December.