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Holy Cross Hospital cutting more than half its beds, including labor and delivery, amid financial
Holy Cross Hospital cutting more than half its beds, including labor and delivery, amid financial challengesHoly Cross Hospital is cutting more than half its beds, amid financial challenges facing a number of hospitals.
In all, Holy Cross will go from 264 licensed beds to fewer than 110 beds, said Airica Steed, executive vice president and chief operating officer of Sinai Health System, which operates the hospital in Chicago’s Marquette Park neighborhood. Service cuts include the temporary suspension of OB/GYN care.
Holy Cross has been running in the red as it grapples with low reimbursement rates from government health insurance programs and a shift from patients needing overnight care to more patients getting care without overnight stays, said Karen Teitelbaum, president and CEO of Sinai Health System. The hospital has been losing about $2 million a month since July.
“We really are making sure that whatever changes we make, we’re ensuring we have ample beds of the right kind to continue to serve the community,” Teitelbaum said.
Read more: https://www.chicagotribune.com/business/ct-biz-sinai-health-system-cutting-services-labor-20191021-efy43fgc3vf4vk3xy3k7egspey-story.html