The hospital is expected to report an operating loss of more than $600,000 for April. That’s compared to an operating loss of $47,000 in March and $400,000 in February.
Hospital executives are also taking a more conservative approach to payer reimbursement and patient collections. Specifically, the hospital has reduced the amount it expects to collect from patients from one-third of gross charges to 29 percent of patient charges.
In its first six months as a licensed hospital, Sonoma West has amassed operating losses of $1.43 million. To get hospital financials back on track, Sonoma West will launch initiatives aimed at increasing gross revenue and improving patient collection efforts, hospital CEO Ray Hino told Press Democrat.
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