Photo by Hubble Ray Smith.
KINGMAN – With 80 percent of its customers on some form of government health care, Kingman Regional Medical Center is surviving on thin margins and facing cuts of almost $150 million in Medicare reimbursement, Brian Turney said Wednesday at the Mohave Republican Forum.
“Our balance sheet is pretty good,” KRMC’s chief executive officer told a packed room of about 50 people. “Our income statement is not so good.”
Still, the hospital has made a play to purchase city-owned land south of Interstate 40 and build an interchange estimated to cost $20 million to $22 million in order to spur economic development.
Turney first floated the idea in May when he met with city staff and council members, including Mayor Monica Gates and Councilman Travis Lingenfelter, and made a formal presentation Sept. 5.
The economy of Kingman is closely tied to KRMC, he said. The hospital bought land near its Hualapai Mountain Campus last year because “it was obvious nothing was going to happen,” Turney said.
KRMC only needs about 20 to 25 acres, in addition to the current 20 acres, for adequate expansion.
“Regarding Kingman Crossing, it’s going to have to make economic sense to the community and make economic sense to us and make economic sense to the developer,” Turney said. “Otherwise,…
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