Tuesday, March 24, 2009

Financial

Wow.... It's been a long time again! The year end audit is completed and we are bracing for a very tough 2009. The State of NY has seriously reduced our Medicaid rate citing budget problems. That of course gives us big budget problems. The current cut is about $10.00 per patient per day. This translates to about $20,000 per month or $240,000 for the year. We are in very big trouble with a $240,000 reduction in revenue. Call your legislator, congressmen etc. to let them know we understand there is a budget crisis. However, you can not balance it on one industry!! Nurses, Aides and all the rest of the healthcare support staff are still being asked to do more with less. We can't cut their pay as well!