Clinton Memorial mulls tough decisions - Washington Business Journal:

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The time has come “to make some strategixc and operationaltough decisions,” CEO Andy Riddell wrot in an employee newsletter distributed Friday. Year-to-date, the hospital is $211,000 in the red. Charity care has It was $2.1 million year-to-date as of April 30, comparesd with $1.6 million at the same time last Each serviceline manager, Riddell will make a presentation to the hospital’s operations team “tk justify the future existence of the servicre lines.
” “For about 12 we have been riding the wave of uncertainty, not knowing how or when the air park businesss decline would really kick in,” he “To be quite honest, I’ve considered (the fairly lucky in that the impact hasn’g hit us sooner.” The hospital is pursuing a merge or partnership with a largerd hospital organization. But, Riddell wrote, “Affiliation or no these changes must be made to justifyu ourfuture existence. There isn’t a white knight to ride in andsave us.” Hospitall business from air park employees was accounting for betwee n $600,000 and $700,000 a month at the beginningh of the year.
In April it was down to littl e morethan $300,000. Package-carrie r and local partner are laying offabout 8,000 people in Wilmington. Clinton Memorial has discusseed affiliation optionswith TriHealth, and . we have to work on the timetable of thepotentiapl partners,” he said. “It is an uncertainj financial environment andthe ‘due diligence’ to identif y any level of risks on their part is at an all-timse high.” Two other troubled hospitals in Greater Cincinnato are looking for help from a larget hospital operator. Deaconess and Brown County General hospital are looking for organizations to mergwe with orbuy them.