Hospital Misses Revenue Goals ; Chief: No Plans for Layoffs at Memorial North
Gazette, The; Colorado Springs, Colo. (August 25, 2007)
Author: Pam Zubeck And Debbie Kelley
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Revenues for Memorial Health System's new north-side hospital during its first quarter fell short by $7.5 million, triggering officials to look for ways to cut costs and boost revenue.
The hospital, which opened in April, also reported expenses exceeded budget by $2.9 million.Hospital Misses Revenue Goals ; Chief: No Plans for Layoffs at Memorial North
Chief Operations Officer Gus Lee blamed the poor performance, reflected in figures reported to the hospital's Finance Committee last week, on erroneous predictions and a systemwide revenue drop caused by rising indigent care.
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