PPMH raises fees - WALB.com, Albany News, Weather, Sports

PPMH raises fees

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By Karen Cohilas - bio | email

July 9, 2008

ALBANY, GA (WALB) - Paying customers at Phoebe Putney Memorial Hospital will pay 4% more for the services they receive.

Today, Phoebe Putney Board members approved a $1.12 billion budget for fiscal year 2009. The budget includes $108 million in indigent and uncompensated care, but also has a four percent hike in patient charges.

Phoebe CFO Kerry Loudermilk defended the increase saying the hospital pointing out only see 1.3 percent of the increase in revenue.

While patients with private insurance or paying out of their pockets will be charged the four per cent increase, Loudermilk says Medicare and Medicaid won't pay increased fees. He predicts insurance premiums will go even higher.

"The interesting thing to do will be to see how much their insurance company will raise their rates in excess of 4%. I will be willing to bet it will be substantially more than 4%," Loudermilk said.

The budget includes $108 million in indigent and uncompensated care.

Along with $28 Million for the second phase of a medical tower currently under construction. There's another $9 million for construction of the Willson Hospice House.

The budget forecasts a $14.2 million net income for the year, about the same as the net income for this year.