According to President and CEO Charles Kinney, the hospital has not made a profit for the past 20 years. Major causes of the hospital’s financial woes include higher costs for employee health benefits and a decrease in elective surgeries. The hospital has taken action to curb the operating loss, including layoffs and reduced hours.
Read the news report about Westerly Hospital’s operating loss.
Related Articles on Westerly Hospital:
Rhode Island’s Westerly Hospital Posts $5.2M Operating Loss
6 Hospital Credit Ratings Downgraded in Last 30 Days
Rhode Island Governor Proposes $3.7M in Cuts to Hospitals
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