Friday, 19 July 2019
Login |  Register 
 
Find Products or Services in your local community
 
MSC News National Headlines U.S Health Tech Talk World Business Sports Top Headlines
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
Sabetha man killed in Thursday wreck
Kelly father, son charged in domestic incident
One killed, 4 injured in 3-vehicle Jeff Co wreck
Two arrested in Sabetha vehicle burglaries
Hiawatha man charged in Sabetha burglaries
DHS takes custody of Brown Co suspect
Two injured in Saturday Jefferson Co wreck
Former area priest accused of possessing child porn
Five injured in Marshall Co wreck
Wetmore man facing multiple charges
Click Here For All Stories

LATEST STORIES
Day 15, Kansas Wheat Harvest Report
FEMA Disaster Recovery Center opens in Mound City
Former area priest accused of possessing child porn
One in custody following handgun threat
Injurious domestic disturbance leads to arrest
Former Marshall Co Clerk charged
Progress on records management system
EDGE presents quarterly report
MDC Creature Feature: Possum on a Half Shell
Day 14, Kansas Wheat Harvest Report
Click Here For All Stories

©2019 MSC News
Hiawatha, Ks 66434
EEO Public Report
KNZA - KLZA - KMZA - KTNC - KAIR
Powered by Radio Media Group
108.162.242.23