Pioneers Memorial Healthcare, which recently had its credit rating downgraded three notches to "B" amid ongoing operational challenges, is working with a consultant group to identify cost savings and functional improvements ranging from selling an MRI machine and the implementation of a new IT system to the restructuring of its physical therapy services.
The Brawley, Calif.-based system, which operates a 107-bed acute care hospital as well as several outpatient physician, primary and specialty clinics throughout Imperial County approximately 120 miles east of San Diego, has joined forces with Atlanta-based Warbird Consulting Partners to come up with the range of recommendations, numbering 15 in total.
Pioneers Memorial's total revenues for fiscal year 2022 were $135 million.
Warbird formed a specific healthcare branch, Warbird Healthcare Advisors, in June 2022 to provide healthcare leadership teams with "creative and innovative" approaches to try and offset increasing costs in the industry.
More details on the various Pioneer recommendations can be found in this presentation.