Since 2020, the hospital has been losing an average of $1 million per month. However, the COVID-19 pandemic federal funds had masked the problem.
“We haven’t fired any staff,” CFO Sam Muse told Alaska Public Media. “The hope is that we can figure this out in a way that we’re shuffling people around and finding good solutions for every home base staff here.”
The hospital has $42 million in cash on hand, or about enough capital to run for seven months.
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