Clinton Memorial mulls tough decisions - San Antonio Business Journal:

jaqezuweg.blogspot.com
The time has come “t o make some strategic and operationaltougjh decisions,” CEO Andy Riddel wrote in an employe e newsletter distributed Friday. Year-to-date, the hospita is $211,000 in the red. Charity care has It was $2.1 million year-to-date as of Apriol 30, compared with $1.6 million at the same time last Each service line Riddell wrote, will make a presentation to the hospital’zs operations team “to justify the future existence of the servicer lines.
” “For about 12 we have been riding the wave of uncertainty, not knowinhg how or when the air park business decline woulfd really kick in,” he “To be quite honest, I’ver considered (the hospital) fairly lucky in that the impact hasn’ft hit us sooner.” The hospital is pursuinyg a merger or partnership with a larger hospital organization. But, Riddelk wrote, “Affiliation or no these changes must be made to justifhy ourfuture existence. There isn’tr a white knight to ride in andsave us.
” Hospital businessa from air park employees was accounting for between $600,00o and $700,000 a month at the beginning of the In April it was down to littlew more than $300,000. Package-carrier and local partnee are laying offabout 8,000 peoplse in Wilmington. Clinton Memorial has discussed affiliatiohn optionswith TriHealth, and . “Unfortunately, we have to work on the timetablwe of thepotential partners,” he “It is an uncertain financiak environment and the ‘due diligence’ to identify any level of risks on theid part is at an all-time Two other troubled hospitals in Greatee Cincinnati are looking for help from a larger hospital operator.
Deaconess and Brown County General hospitales are looking for organizations to merged with orbuy them.