Steward Health Care closing money-losing units at Pennsylvania hospital

To help shore up finances, Easton (Pa.) Hospital, part of the Dallas-based Steward Health Care system, will stop providing heart surgeries next month, according to The Morning Call.

The move comes just a few months after the hospital also closed its neonatal care unit in another cost-cutting move. 

Daniel Knell, Steward's regional president, told The Morning Call Easton Hospital is shifting its focus away from costly specialty services to more commonly needed procedures. He said Easton, a small community hospital, is unable to compete with two larger regional health networks in the area on heart surgeries and neonatal care.

Mr. Knell said the shift has helped to stop the financial bleeding. 

Service cuts and fewer patients are worrying staff, who are concerned the hospital could be put up for sale, according to the report. 

However, Easton Hospital President Linda Grass told employees in September that the cuts were part of a long-term plan to strengthen the facility's financial position. 

Read the full report here

More articles on healthcare finance:

CommonSpirit delays Q4 financial filing
Steward Health Care reports $592M loss amid major 2-year expansion push
St. Luke's hires consulting firm to evaluate its finances

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