Allina Health Closes Hospital Floor as Part of $100M in Cost Cuts

Minneapolis-based Allina Health has closed down a floor of St. Paul, Minn.-based United Hospital as part of $100 million in cost cuts the health system hopes to achieve over the next 18 months, according to a Minneapolis/St.Paul Business Journal report.

The closed floor was used for the treatment of epilepsy patients. Those patients have now been moved to another floor in United Hospital where other neurology patients are treated, according to the report.

Along with the closed floor, Allina is seeking other efficiencies to cut expenses. Allina began its project to reduce expenses after its profits fell in the first quarter. The health system's operating income fell to $449,000 in the first quarter, down from $22.3 million in the same period a year ago, according to the report.

More Articles on Hospital Cost Cuts:

How to Reduce Costs and Improve Quality: 4 Tips From St. Vincent's Medical Center CFO John Gleckler
5 Opportunities to Increase Supply Chain Savings
"Cost Reduction and Benchmarking, 10 Key Steps to Immediately Improve Profits"

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars