The donation is a boost for Allina, which reported an operating loss of $122.7 million on $1.28 billion of revenue in the second quarter and recently delayed plans to replace its Cambridge, Minn., hospital, according to the report.
Last year, Allina’s board voted to authorize $1.2 billion in spending through bonds and other funding to build the Abbott Northwestern patient tower, which broke ground Sept. 14.
Earlier this year, the Richard M. Schulze Family Foundation donated $20 million to Naples, Fla-based NCH Healthcare System. The funding will go towards the system’s planned cardiac and stroke center, which will cost almost $200 million.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
