The analysis of the hospital’s financial picture was shared by the hospital’s co-CEO, Mat Slaybaugh, at a meeting Nov. 18 after the community voted against a $860,000 hospital levy.
The hospital’s board is now examining new strategies to prevent the depletion of funds.
One idea proposed at the meeting is to replace the hospital’s emergency room, one of its greatest expenses, with an urgent care facility. Board members were warned that the facility would likely lose its critical access hospital designation with that change.
Read the full report here.
More articles on healthcare finance:
Texas hospital operator files for bankruptcy
How CHS, Tenet, HCA and UHS fared in Q3
CMS finalizes hospital price transparency rule: 6 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
