St. Joseph's Hospital Health Center posts $13M loss

Syracuse, N.Y.-based St. Joseph's Hospital Health Center recorded a $13 million deficit for the fiscal year completed June 30, reports The Post-Standard.

St. Joe's FY 2016 revenue totaled $664 million and its expenses totaled $677 million.

St. Joe's President and CEO Kathryn Howe Ruscitto said the hospital's finances are on the uptick and long-term investments will manifest with time.  

"We made significant progress in the areas of length of stay and supply chain management, and ended the year with good momentum as we move into fiscal year 2017," Ruscitto told The Post-Standard.

Livonia, Mich.-based Trinity Health acquired St. Joe's last year.  

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