Sonoma West Medical Center Officials Say Hospital Is On Track, But Critics Claim It’s Financially Crippled
Dan Smith, chairman of the board of directors of the medical center, said the hospital’s “financial picture is improving” as revenue continues to grow and overnight hospital stays also increase, but others have cast doubt on the rosy projection.
The Press Democrat:
Sebastopol’s Sonoma West Medical Center: Financially Viable Or ‘Shell Game?’
Executives at Sonoma West Medical Center in Sebastopol say the hospital is on track toward greater financial stability, even as hospital critics warn of ongoing economic trouble. Ray Hino, the medical center’s CEO, said this week that operating losses at the hospital were brought down to $47,000 in March from $400,000 in February. Hino said that financial statements show the hospital has about $130,000 in cash on hand and that the operating losses for April are about the same as in March. (Espinoza, 5/4)