operating losses
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Despite Cuts, Wake Forest Baptist Closes Fiscal Year With Loss
Wake Forest Baptist Medical Center posted an operating loss of $55.2 million to close out its fiscal year June 30 in what was close to a $100 million swing in operating income from the year before. Read More »
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EHRs And Health IT Projects: Are They Battering Hospitals' Financial Profiles?
This past November, Standard & Poor's Ratings Services downgraded the credit rating of Wake Forest Baptist Medical Center in Winston-Salem, N.C., from "AA-" to "A+". Read More »
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Epic Installation Proves More Expensive
Bringing the total cost to $200 million, the parent company of Maine Medical Center will be spending tens of millions more on training for its problematic Epic electronic health record implementation. Read More »
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Expensive EHR Implementations Threaten Hospital Credit Ratings
Huge capital outlays for electronic health record (EHR) implementations are threatening the credit ratings of some large medical systems by tying up large amounts of cash and temporarily reducing profits, Becker's Hospital Review reported. Read More »
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Hurting Financially, Wake Forest Baptist Adds Cost-Cutting Measures
Revenue declines along with the disruptive and costly implementation of a new electronic medical records system have forced Wake Forest Baptist Medical Center to take additional cost-cutting measures this year, according to its CEO, Dr. John McConnell. Read More »
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Latest Hospital Closing A Blow To Rural Residents
Charlton Memorial Hospital in southeast Georgia, which will suspend operations Friday, is set to become the third rural hospital in the state to close this year. Read More »
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Wake Forest Baptist Feels Financial Impact Of Epic Adoption
Still working to recover from operating losses associated with implementing Epic EHR system into Wake Forest Baptist Medical Center, the head of the healthcare organization remains optimistic that the decision to go and stick with Epic will pay off in the long run. Read More »
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Wake Forest Baptist IT Director Stepping Down
The chief information officer for Wake Forest Baptist Medical Center is stepping down, effective May 31, the center confirmed Friday. Read More »
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Wake Forest Baptist Medical Center Reports Third-Quarter Overall Loss
The rollout of the Epic electronic health records system contributed to a worsening of the current financial performance of Wake Forest Baptist Medical Center. Read More »
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Wake Forest Baptist Still Recovering From Epic Disruptions
Still recovering from the costly implementation of a new electronic medical records system, Wake Forest Baptist Medical Center will post an operating loss this fiscal year, medical center officials told investors Monday. Read More »
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