OCH Administrator at CEO Richard Hilton attributes the losses to reimbursement declines, gross revenue increases and physician recruitment troubles resulting from the conversations about selling the hospital. In addition, nearly $4.4 million of the cumulative loss is a result of depreciation of the building and amortization.
Mr. Hilton plans to mitigate the losses by cutting unnecessary spending in various departments and discontinuing unprofitable services.
A countywide referendum on a Nov. 7 ballot will decide whether the county should continue exploring a sale or lease of the medical center.
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