St. Claude Medical Center, a 136-bed hospital in New Orleans, has hired healthcare financial advisory firm the Allegro Group to help develop operation strategies, including a possible sale of the hospital.
Louisville, Ky.-based Allegro, which will assist in day-to-day operations at the hospital, will focus on reimbursement challenges facing St. Claude. "It is a difficult situation given the reimbursements," Allegro CEO Earl Reed said. "There are various ways to improve and enhance hospital volumes. We are going to review all options."
St. Claude President David Dizney said the decision to hire Allegro "will enable us to ensure a solid future for the hospital. We will renew our focus on the operating changes necessary to re-establish St. Claude as a successful healthcare contributor to the New Orleans community." -- by Patrick Reilly