West Penn Allegheny Health System sustains $3.6 million quarterly loss
Financially strapped West Penn Allegheny Health System on Tuesday reported a $3.6 million operating loss for the first three months of this fiscal year.
Results of the first quarter, which ended Sept. 30, included $3 million in restructuring costs associated with the consolidation of flagships West Penn Hospital in Bloomfield and Allegheny General Hospital in the North Side.
Officials said losses were offset by a $9.5 million gain from the sale of four outpatient dialysis clinics to DaVita Inc. The clinics are in the North Side, Moon, New Kensington and Somerset. They will continue to operate in affiliation with the system.
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- Don't Let Nurses Sink Your Bottom Line
- Hospitals Profit On Bloodstream Infections
- Fortunately, Angelina Jolie Isn't On Medicare
- Less Blood Testing for Some Surgeries Safe, Cost Effective
- Lower ED Margins Demand a Better Strategy
- How Chargemaster Data May Affect Hospital Revenue
- Primary Care Docs Average More Hospital Revenue Than Specialists
- House Lawmakers Grill CMS Over Health Exchange Navigators
- ED Physicians Key to Half of Hospital Admissions