For the first half of 2011, Port Angeles, Wash.-based Olympic Medical Center's net revenue was down 18 percent, according to a Peninsula Daily News report.
The hospital, which is roughly $21 million in debt, had a total margin goal of 4 percent but only hit 1.5 percent. In the past six and a half years, OMC has only hit the 4 percent mark once, the report said.
These financial difficulties are one of the reasons OMC is in affiliation talks with Seattle-based Swedish Medical Center.
Washington's Olympic Medical Center CEO Wants Cuts to Employee Benefits
Two Washington State Hospitals Move Closer to Affiliation With Swedish Medical Center
The hospital, which is roughly $21 million in debt, had a total margin goal of 4 percent but only hit 1.5 percent. In the past six and a half years, OMC has only hit the 4 percent mark once, the report said.
These financial difficulties are one of the reasons OMC is in affiliation talks with Seattle-based Swedish Medical Center.
Related Articles on Olympic Medical Center:
Court Injunction Averts Potential Strike at Washington's Olympic Medical CenterWashington's Olympic Medical Center CEO Wants Cuts to Employee Benefits
Two Washington State Hospitals Move Closer to Affiliation With Swedish Medical Center