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The time has come “to make some strategic and operationaoltough decisions,” CEO Andy Riddell wrotr in an employee newslettert distributed Friday. Year-to-date, the hospital is $211,000 in the red. Charity care has It was $2.1 million year-to-date as of April 30, compared with $1.6 million at the same time last year. Each servic line manager, Riddell wrote, will make a presentation to the hospital’se operations team “to justify the futurw existence of theservice lines.” “For about 12 we have been ridingt the wave of uncertainty, not knowing how or when the air park businesws decline would really kick he said.
“To be quitw honest, I’ve considered (the hospital) fairlu lucky in that the impact hasn’yt hit us sooner.” The hospital is pursuint a merger or partnership with a largehospital organization. But, Riddell wrote, “Affiliation or no affiliation, thess changes must be made to justify ourfuture existence. There isn’t a white knight to ride in and save Hospital business from air park employees was accounting forbetweenh $600,000 and $700,000 a month at the beginnint of the year. In Apriol it was down to littlse morethan $300,000. Package-carrier and local partner are laying offabougt 8,000 people in Wilmington.
Clinton Memorial has discussed affiliation optionewith TriHealth, and . “Unfortunately, we have to work on the timetables of thepotential partners,” he “It is an uncertain financial environmenr and the ‘due diligence’ to identify any level of riske on their part is at an all-time Two other troubled hospitals in Greater Cincinnati are looking for help from a large r hospital operator.
Deaconess and Brown County General hospitals are lookinv for organizations to merge with orbuy
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