Success Healthcare, Boca Raton, Fla., said it will consolidate most of the inpatient services at its two St. Louis hospitals at one site to stem financial losses by cutting its workforce by a quarter. Success plans to apply with the state of Missouri for a single license covering both hospitals in order to put both sites under a single management team and board, according to Success.
Success Healthcare consolidating services at St. Louis hospitals
The hospitals expect to receive $24 million less from the state in reimbursements for the two state fiscal years that begin July 1, spokeswoman Janet Conners said. Uncompensated-care cost the hospitals $30 million in 2009, Conners said. Revenue figures for the two hospitals were not available at deadline.
Forest Park Hospital will maintain its emergency department and enough inpatient beds to support it, its psychiatric inpatient beds and some ancillary services, but the rest of its inpatient services will shift to 169-bed St. Alexius Hospital, Success said. Forest Park is licensed for 450 beds, but has been staffing for only 88 beds because of declining patient volume, Conners said.
The consolidation will trim 268 full-time equivalent positions, leaving 757 full-time equivalent positions at the two sites, according to Success.
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