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Hospital on Colorado’s Western Slope running low on cash, says Medicare loan “killed us”

Delta Health was down to just 20 days’ cash on hand in February, board member says

The exterior of Delta County Memorial Hospital in Delta, Colo., is seen via Google Maps in this screenshot. Delta Health is facing a shortage of cash, the latest rural hospital in Colorado to face financial hardship. (Screenshot via Google Maps)
The exterior of Delta County Memorial Hospital in Delta, Colo., is seen via Google Maps in this screenshot. Delta Health is facing a shortage of cash, the latest rural hospital in Colorado to face financial hardship. (Screenshot via Google Maps)
DENVER, CO - MARCH 7:  Meg Wingerter - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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It became clear that something was wrong when Delta Health's chief financial officer resigned unexpectly. The board hired a consultant to assess its finances, and discovered that nearly all of its cash on hand is already committed to paying off debts
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