Westerly (R.I.) Hospital's financial struggles seem to be exacerbating, as its year-to-date loss has increased from $5.2 million in April to $5.7 million, according to a Westerly Sun report.
According to President and CEO Charles Kinney, the hospital has not made a profit for the past 20 years. Major causes of the hospital's financial woes include higher costs for employee health benefits and a decrease in elective surgeries. The hospital has taken action to curb the operating loss, including layoffs and reduced hours.
Read the news report about Westerly Hospital's operating loss.
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According to President and CEO Charles Kinney, the hospital has not made a profit for the past 20 years. Major causes of the hospital's financial woes include higher costs for employee health benefits and a decrease in elective surgeries. The hospital has taken action to curb the operating loss, including layoffs and reduced hours.
Read the news report about Westerly Hospital's operating loss.
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