St. Christopher’s Hospital for Children, which serves thousands of underserved families in the North Philadelphia area, is getting $50 million in aid, Audacy reports.
Multiple local health organizations have stepped in to provide the hospital short-term relief from financial troubles over the next two years.
St. Christopher’s CEO Don Mueller said the hospital has the largest percentage of Medicaid patients — 83% — of any pediatric academic medical center in the country. But that rank, he said, comes with a cost.
“Medicaid pays you less than your cost of care, so you can’t make it up by having more volume,” he noted. The hospital hopes to offset those deficits through a combination of contributions from health care organizations, government agencies and donors. Read more.
