- Associated Press - Saturday, November 22, 2014

COLUMBUS, Ga. (AP) - The CEO of St. Francis Hospital in Columbus says 80 jobs will be eliminated as the result of a nearly $30 million accounting issue discovered last month.

CEO Robert Granger tells the Columbus Ledger-Enquirer (https://bit.ly/1z3nuUG ) the hospital’s been operating for at least three years with overestimated revenues and underestimated expenses. While Granger says he thought the hospital was doing well or breaking even with an annual budget of nearly $296 million, it was losing money. The hospital has a $12.8 million deficit for the year.

Layoffs include 65 employees and 15 open positions. Granger says he doesn’t expect the cuts to affect patient care and will result in $11 million in annual savings.

Granger says the hospital’s chief financial officer has been removed and no criminal activity has been discovered.

___

Information from: Columbus Ledger-Enquirer, https://ledger-enquirer.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide