South Florida Sun-Sentinel, June 10, 2008
After experiencing a $42 million operating loss, Boca Raton (FL) Community Hospital continues to struggle financially, and a turnaround isn't expected for up to two years. The nonprofit hospital again will lose money this fiscal year, and layoffs could occur as the hospital adjusts to a decline in patients. In the past six months, however, the hospital has made progress and should make up some $23 million over last fiscal year, said Chief Executive Officer Richard Van Lith. The hospital improved its billing system, hired nurses instead of using temps, and took control of spending on medical products. In addition, executives are bolstering hospital programs and services to draw patients.