BREAKING: A bipartisan group of Colorado legislators is fast-tracking a $5 million payment to Denver Health to help financially stabilize the city’s safety net hospital.
a bipartisan group of Colorado legislators is fast-tracking a $5 millionLegislative leaders have had conversations with Denver Health about its financial situation in recent months, and the hospital has become “increasingly concerned about the high level of unreimbursed expenses the high cost of caring for an increasing number of health conditions,” said Sen. Rachel Zenzinger, an Arvada Democrat and chair of the powerful Joint Budget Committee.
About one-third of the hospitals’ patients come from outside Denver, so the hospital needs support from the rest of the state, Lynne said.In a brief explanation justifying the funding request, legislators wrote that the hospital’s “financial duress” was due to its lower-than-expected share of insured patients and its increasing payroll costs. The state Department of Health Care Policy and Financing had offered an additional $1.4 million for Denver Health.
Melissa Dworkin, spokeswoman for Gov. Jared Polis, said in a statement that the administration was working with Denver Health and it had allocated $4 million in federal COVID-19 stimulus dollars to the hospital. That money came in November, Zenzinger said, adding that she had also heard that the governor’s office expects “to do another $20 million in February.”
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