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Hospital finances healthier this year

Original post made on Jun 16, 2011

El Camino Hospital is off to a "a much smoother" start this fiscal year compared to last year. The board of directors has passed the budget on time; Chief Financial Officer Ned Borgstrom expects the hospital to make a $52.4 million profit.

Read the full story here Web Link posted Thursday, June 16, 2011, 1:37 PM

Comments (3)

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Posted by Pass the Tranquilizers
a resident of Shoreline West
on Jun 16, 2011 at 6:05 pm

I bet the personnel staffs are gearing up to be helpful like they were the last time there were "as yet unidentified" positions to be reduced.

"Borstrom explained that some departments of the hospital could stand to be reduced, while others are growing. As such, the budget calls for cuts to be made to about 40 as yet unidentified full-time positions, while it simultaneously calls for hiring as many as 25 full-time employees."

I hope I don't get sick waiting to find out if I have a job or not.


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Posted by Jeremy Engdahl-Johnson
a resident of Old Mountain View
on Jun 17, 2011 at 7:28 pm

The status quo can't last when it comes to hospital financing; Medicaid expansion, aging population affect payer mix. Web Link


 +   Like this comment
Posted by Jeremy Engdahl-Johnson
a resident of Old Mountain View
on Jun 19, 2011 at 10:30 am

The status quo can't last when it comes to hospital financing; Medicaid expansion, aging population affect payer mix. Web Link


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