The children’s hospital network said it expects to report a $227 million deficit in the fiscal year ended June 30. It has not reported its financial results.
“In light of reduced revenue stemming from these reductions — including the cancellation of elective surgeries and procedures which have since resumed — we are planning for continued uncertainty,” a hospital spokesperson told the Inquirer.
It is unclear how many of the hospital’s 14,000 employees will be affected by the cost-cutting plan.
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