Coshocton (Ohio) Hospital has posted a $347,000 profit after posting multi-million dollars losses since 2009, according to a Coshocton Tribune report.
In 2009, the hospital posted a $2.7 million operating loss, followed by a more than $3.5 million loss by July 2010. With a number of sweeping changes, including layoffs and asset divestitures, the hospital was able to come out of the red. As a result, the hospital's trustees voted to give 2 percent raises to non-union hospital employees and 2.5 percent raises to salaried employees who gave back 5 percent of their pay to the hospital 18 months ago, according to the report.
Read the report about Coshocton Hospital's finances.
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In 2009, the hospital posted a $2.7 million operating loss, followed by a more than $3.5 million loss by July 2010. With a number of sweeping changes, including layoffs and asset divestitures, the hospital was able to come out of the red. As a result, the hospital's trustees voted to give 2 percent raises to non-union hospital employees and 2.5 percent raises to salaried employees who gave back 5 percent of their pay to the hospital 18 months ago, according to the report.
Read the report about Coshocton Hospital's finances.
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