· Cedars-Sinai is, by far, THE largest provider of care for Medicare patients in California, providing 60% more Medicare services than the next largest provider (135,000 patient days), at a $300 million loss in FY13. (In other words Cedars-Sinai was paid $300 million less than their costs.)
· Cedars-Sinai is one of the largest providers of care for Medi-Cal patients in the state, at an $85 million loss in FY13. (They were paid $85 million less than their costs.)
· A full 55% of their patients are covered by Medicare or MediCal.
· In NO case does Cedars-Sinai ever charge uninsured or underinsured low income patients more than what would be paid by Medicare for their services (and remember, Medicare pays Cedars-Sinai less than their costs).
· Cedars-Sinai has established a very generous Financial Assistance program that offers significantly discounted or free care for those earning up to 450% of the federal poverty level, which equates to approximately $106,000 for a family of four. (Cedars-Sinai lifted the government-required 200% level by more than two times so that more patients can qualify.)
· Every patient who is uninsured gets a discount, regardless of income – 75% for inpatient; 65% for emergency; 40% for outpatient. Then, if they can’t afford the 25%, 35% or 60% balance, Cedars-Sinai screens them for charity care and assist with or waives their remaining balance.
Cedars-Sinai waived approximately $47 million for the cost of charity care in FY13 to cover all or significant portions of the bills for these qualifying patients.