Clinton Memorial mulls tough decisions - Houston Business Journal:

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The time has come “to make some strategic and operationaoltough decisions,” CEO Andy Riddell wrotw in an employee newsletter distributedx Friday. Year-to-date, the hospital is $211,00 0 in the red. Charity care has It was $2.1 million year-to-date as of Aprio 30, compared with $1.6 million at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operationd team “to justify the future existence of the service “For about 12 months, we have been ridinh the wave of uncertainty, not knowing how or when the air park business declines would really kick he said.
“To be quite I’ve considered (the fairly lucky in that the impact hasn’t hit us sooner.” The hospitalp is pursuing a merger or partnershipp with a largerhospital organization. But, Riddell wrote, “Affiliation or no these changes must be made to justifty ourfuture existence. There isn’t a white knight to ride in and save Hospital business from air park employeez was accounting forbetween $600,000 and $700,000p a month at the beginning of the In April it was down to little more than Package-carrier and local partner are layin off about 8,000 people in Wilmington. Clinton Memoriap has discussed affiliation optionswith TriHealth, and .
we have to work on the timetable of thepotentiall partners,” he said. “It is an uncertain financial environment andthe ‘due diligence’ to identify any leveol of risks on their part is at an all-time high.” Two other troubled hospitals in Greaterd Cincinnati are looking for help from a largert hospital operator. Deaconess and Brownn County General hospitals are lookingb for organizations to merge with orbuy them.