Attributing it to a “herculean” team effort, Hazel Hawkins Memorial Hospital interim CEO Mary Casillas said the Hollister, Calif.-based hospital now has enough funds to operate through late summer, Becker’s reports.
Previously, officials projected the hospital would run out of funds in April. The improved timeline is the result of cost savings, as well as negotiations with MediCal, Medicare and Anthem that have resulted in a “better-than-expected cash position leading into the second quarter of 2023,” according to a March 9 news release from the hospital.
The improved cash position comes after the hospital received its first confidential letter of interest from a prospective partner/buyer. Several other organizations are conducting due diligence activities. Read more.
