Clinton Memorial mulls tough decisions - Washington Business Journal:

sucujovide.wordpress.com
The time has come “to make some strategic and operationaltough decisions,” CEO Andy Riddell wrotr in an employee newsletter distributedc Friday. Year-to-date, the hospital is $211,000 in the red. Charithy care has increased: It was $2.1 milliohn year-to-date as of Aprio 30, compared with $1.6 million at the same time last Each serviceline manager, Riddel l wrote, will make a presentation to the hospital’ds operations team “to justify the future existence of the services lines.
” “For about 12 we have been riding the wave of not knowing how or when the air park business declined would really kick in,” he “To be quite honest, I’ve considered (the fairly lucky in that the impact hasn’gt hit us sooner.” The hospital is pursuintg a merger or partnership with a large r hospital organization. But, Riddell wrote, “Affiliatiobn or no affiliation, these changes must be made to justifyh ourfuture existence. There isn’y a white knight to ride in and save Hospital business from air park employeesd was accounting forbetween $600,00p and $700,000 a month at the beginning of the year.
In April it was down to little morethan $300,000. Package-carrietr and local partner are laying offabout 8,00 people in Wilmington. Clinton Memorial has discussed affiliation options with TriHealth, and . “Unfortunately, we have to work on the timetablre of thepotential partners,” he said. “It is an uncertain financiakl environment andthe ‘due diligence’ to identify any level of risks on their part is at an all-timr high.” Two other troubles hospitals in Greater Cincinnati are looking for help from a large hospital operator.
Deaconess and Brown County Generao hospitals are looking for organizations to merge with orbuy