Regional West looks to cut $20 million in expenses by end of 201 - kotanow.com- Scottsbluff Area News, Sports, and Weather

Regional West looks to cut $20 million in expenses by end of 2015

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Doctor Todd Sorensen announced to the Gering Business Club this afternoon that Regional West is struggling with profitability.

He says as the healthcare landscape is drastically changing; patient volume is declining, and not likely to turn around.

"I think these changes are likely to be permanent. I don't think will go back to the days when hospital utilization was greater."

 

Sorensen says there are several things to attribute to the decliningnumbers, such as changes in health coverage, the national economy, a declining panhandlepopulation, and growth in surrounding areas. 

 

Sorensen says there are several changes Regional West will undergo in coming years to improve profitability and efficiency.

Some of those things include consolidating the physicians clinic, revising employee health coverage, reviewing physician compensation and examining the origination structure.

 

"For hospitals, which are largely a fixed-cost business, a small change in volume can have a pretty big impact on financial performance."


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