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'Insurance folks are printing money' while hospitals suffer, Pardee CEO says

Buying personal protective equipment, creating isolation wards and other measures cost Pardee Hospital more while profitable procedures like knee replacements plunged.

By Lightning Reports, Published: September 27, 2020

Pardee Hospital, which had been cruising along with a healthy profit margin before the coronavirus, limped to the end of its 2019-20 fiscal year in the black only because it received federal stimulus money, Pardee President and CEO Jay Kirby told the Board of Commissioners this month.

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