Fairfield Medical Center posts $22.6M operating loss from medical records overhaul

//Fairfield Medical Center posts $22.6M operating loss from medical records overhaul

Fairfield Medical Center posts $22.6M operating loss from medical records overhaul

Fairfield Medical Center ended 2018 with a $22.8 million operating loss, which the CFO sees as a one-time anomaly due mainly to the expense of installing and activating a new electronic medical records system. Full-year revenue declined by less than 1 percent to $282.4 million, while expenses rose by 7 percent for the Lancaster health system. Declining outpatient volume and a spike in drug costs also were factors. "The system has enough reserves that one-time investments can occur," CFO Sky Gettys…

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By | 2019-02-17T18:34:59+00:00 February 17th, 2019|Healthcare|

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