During a board meeting Aug. 27, leaders discussed the financial issues facing the nonprofit health system. Lincoln Health System CFO Bob Lonis reported an $8.4 million decline in year-over-year gross revenue for outpatient services, according to TV station WHNT. Admissions are down 10 percent from last year, according to WAFF.
Leaders said they’re exploring ways to address the county-owned system’s financial issues and noted some service lines are performing well. Although ER visits and admissions are down, other services, such as those offered at the rehab and wellness center, have exceeded expectations during the past year, according to WAFF.
In addition to overcoming financial challenges, the health system is focused on finding a new CEO. Lincoln Health System announced Aug. 21 that CEO Candie Starr is no longer with the company, according to WAFF. Board members didn’t give a reason for Ms. Starr’s departure during the meeting Aug. 27. She served as CEO for more than two years.
Board members plan to request additional funding from the state, according to WAFF.
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