Monday, 25 March 2019
Login |  Register 
 
Find Products or Services in your local community
RMG Onlline News US National Business Health & Science Political World Sports
Hiawatha Hospital taking steps to improve finances
01/10/2019

(KNZA)--Hiawatha Community Hospital has implemented a number of cost cutting measures in an attempt to bring the hospital back into financial security.

For the past several years the hospital has been operating in the red due in part to mandates related to the Affordable Care Act and Medicare reimbursement cuts.  

Hospital CEO Jeff Shelton says monthly operating expenses have been averaging $2.2 million, with current monthly revenues between $1.8 and $1.9 million. The hospital experienced operational losses of more than $7 million from 2014-2017.  

As of January 6, the hospital implemented a little more than one million dollars in cost cutting measures—including a mandatory two percent base wage reduction for all employees and reduction in employee fringe benefits.

The hospital is also looking at other ways to cut costs and increase revenue.

Shelton other hospital officials will be meeting with the Brown County Commission and Hiawatha City Commission in the coming weeks to discuss possible financial assistance.

© Many Signals Communications
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Click Here For All Stories

LATEST STORIES
Atchison's River Road being prepared to reopen
Murder suspect sought
FEMA Outreach Teams headed to Nebraska
Cooper Nuclear status change
Meth purchased from street gang leads to prison
New Technology from the Office of KS State Treasurer Jake LaTurner Speeds Up Unclaimed Property Claims for Hundreds of Kansans
Machine shed destroyed in Sunday fire
Scams to Watch Out for in 2019
Stay Strong, Stay Healthy Classes Forming
Whine or Wine?
Click Here For All Stories

©2019 RMGNewsOnlline

Powered by Radio Media Group