The hospital, which is roughly $21 million in debt, had a total margin goal of 4 percent but only hit 1.5 percent. In the past six and a half years, OMC has only hit the 4 percent mark once, the report said.
These financial difficulties are one of the reasons OMC is in affiliation talks with Seattle-based Swedish Medical Center.
Related Articles on Olympic Medical Center:
Court Injunction Averts Potential Strike at Washington’s Olympic Medical Center
Washington’s Olympic Medical Center CEO Wants Cuts to Employee Benefits
Two Washington State Hospitals Move Closer to Affiliation With Swedish Medical Center
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
