State

Despite report describing risk, Ohio hospital says it’s financially solid

By Marty Schladen/Ohio Capital Journal
A national report named an Ohio hospital among at-risk safety-net hospitals; the facility reports profitability in 2024 and a solid financial position.
A national report named an Ohio hospital among at-risk safety-net hospitals; the facility reports profitability in 2024 and a solid financial position. Aaron Bolton/MTPR TNS

A national report said more than 400 safety net hospitals are at risk of closure — including 10 in Ohio. But one of those Ohio hospitals said that despite headwinds, its finances are sound.

Mary Rutan Hospital in Bellefountaine was listed in Public Citizen’s analysis of safety-net hospitals that are in danger of closing due to deep cuts to Medicaid in the One Big Beautiful Bill Act that President Donald Trump signed last summer.

Hospitals made the list if 20% or more of their payer mix consisted of Medicaid and other low-income patients — and if they lost money between 2022 and 2024.

Mary Rutan lost $6.6 million in 2022, but it was profitable over the prior decade, and it had more than $1 million in net income in 2024.

“Like many hospitals across the country, Mary Rutan Health has experienced industry-wide pressures, including rising costs and reimbursement challenges following the COVID-19 pandemic,” the hospital said in a written statement.

“While these factors have impacted net operating margins, the organization continues to maintain positive earnings when accounting for non-cash expenses such as depreciation, along with a strong cash position and low debt levels.”

It said, however, further cuts to health programs could affect its ability to provide care.

“… potential changes to Medicaid reimbursement remain a concern for healthcare providers nationwide, particularly for rural and community-based systems,” it said. “Any future reductions could impact how certain services are delivered, both locally and across the country.”