May 25, 2013
The 50-year-old hospital is looking for ways to keep from filing bankruptcy.
Financial Advisor Robert Granger painted a sobering report to Northwest Community Hospital's board of trustees.
Each day, the facility continues to accumulate thousands of dollars in new debt. The debt is mostly generated by indigent care or individuals without health care insurance who can't pay their bills. In addition, the federal government has cut way back on Medicare and Medicaid reimbursements.
Board of Trustees Chairman Charles Brock is looking at a possible lease that the county owned facility may contract with a health care company to run Northwest Florida Community Hospital.
Later this month, the hospital board of trustees is expected to take a closer look at possibly leasing the hospital.
