Texas Health Presbyterian financial losses become clearer

Following reports suggesting that Texas Health Presbyterian, the Dallas hospital that accidentally allowed two of its nurses to be infected with the Ebola virus from a patient, had taken a financial hit as a result, Bloomberg has quantified the loss: a 20 percent-plus drop in its revenue and patient census. Altogether, patient census dropped 21 percent during the month of October, while emergency room (ER) visits plunged by half. Revenue dropped by 25 percent.

According to a regulatory filing by the hospital's parent company, Texas Health Resources, the financial hits are primarily due to the ER being placed on diversionary status between Oct. 12 and 20 after it was discovered a nurse at the hospital had been infected with Ebola. Texas Health Resources said in its filing it believed it had adequate indemnification and liquidity to overcome the losses, which are expected to be short-term in nature. Article

 

 

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