The hospital, which is owned by the Palm Drive Health Care District, faced closure earlier this year, but officials have taken steps in recent months to keep the facility open, including launching a fundraising campaign and pursuing a management agreement with Modesto, Calif.-based American Advanced Management Group.
The Palm Drive Health Care District board recently voted to continue negotiations with AAMG, but no contract has been approved. At the beginning of the board’s meeting Aug. 14, PDHCD Executive Director Alanna Brogan said Sonoma West Medical Center is on its last payroll period. The hospital is losing up to $800,000 a month, according to the report.
Under the proposal from AAMG, the hospital would end short-term inpatient care and close its emergency room. The facility would transition to a long-term acute care hospital with an urgent care facility.
The PDHCD board is expected to negotiate a final contract with AAMG by Aug. 17, according to the report.
More articles on healthcare finance:
Steward to close Ohio hospital, lay off 388
Former CHS hospital boosts Rennova’s revenue
Quorum would charge $480K to help Alaska hospital transition to new owners
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
