Clinton Memorial mulls tough decisions - San Antonio Business Journal:

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The time has come “to make some strategic and operationa ltough decisions,” CEO Andy Riddell wrot e in an employee newsletter distributed Friday. 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 millio at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operations team “tio justify the future existence of the service “For about 12 months, we have been riding the wave of uncertainty, not knowing how or when the air park business decline would really kick in,” he said.
“Tpo be quite honest, I’v considered (the hospital) fairly luckyu in that the impacg hasn’t hit us sooner.” The hospitakl is pursuing a merger or partnership with a largerhospitapl organization. But, Riddell wrote, “Affiliation or no affiliation, thess changes must be made to justify our future There isn’t a white knightf to ride in and save Hospital business from air park employees was accounting for between $600,00p and $700,000 a month at the beginning of the In April it was down to little more than Package-carrier and local partner are layingv off about 8,000 people in Clinton Memorial has discussed affiliation options with and .
“Unfortunately, we have to work on the timetable of thepotentialk partners,” he said. “Ift is an uncertain financial environmenft andthe ‘due diligence’ to identify any leve l of risks on their part is at an all-timwe high.” Two other troubled hospitals in Greater Cincinnati are lookin for help from a larger hospitakl operator. Deaconess and Brown County Generalk hospitals are looking for organization s to merge with orbuy them.