BRCH will still report a $9.5 million loss for the fiscal year that ends in June, which was down from a $44.3 million loss last year, according to the report.
Read the Business Journal’s report on the Boca Raton Community Hospital turnaround.
Florida Hospital Regains Profitability Through Cost Saving Measures
Boca Raton (Fla.) Community Hospital reported $8,434 in earnings on $96 million in revenue for its fiscal third quarter that ended in March, up from the $20.9 million loss on $92.5 million in revenue it posted for the same quarter in 2008, according to a report in the South Florida Business Journal.
Some of the hospital’s cost-saving moves included hiring a new CEO, Jerry Fedele, and partnering with FTI Healthcare to improve its operations, according to the report. BRCH laid off 38 employees and renegotiated contracts. The hospital’s operating expenses dropped $13.4 million compared with the same quarter last year, according to the report.
