Saint Vincent CFO Al Mansfield and CEO Scott Whalen, PhD, said the net losses stem from the hospital’s acquirement of a number of medical practices and hiring nearly 30 physicians in 2015 and 2016, among other things.
“The primary reason for the increase is the recruitment of physicians,” Mr. Mansfield said. “It’s an investment for the benefit of the community. The hospital is the physicians’ workshop and it’s the physician who treats patients. It’s critically important to bring physicians to the community.”
Saint Vincent is part of Pennsylvania’s Allegheny Health Network.
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