Claxton-Hepburn Medical Center in Ogdensburg, N.Y., is avoiding possible bankruptcy, service cuts and restructuring through a partnership with Carthage (N.Y.) Area Hospital, according to Becker’s.
Carthage Area Hospital will operate the majority of medical services at Claxton-Hepburn, according to a strategic plan unveiled June 13. The hospitals share a CEO, Rich Duvall, and will work closely to avoid more drastic measures while paying off debt.
Claxton-Hepburn is an estimated $30 million to $50 million in debt, primarily from pension costs and “faulty billing practices,” according to the report. The hospital laid off 41 people last year when it outsourced the billing department, but Mr. Duvall doesn’t anticipate additional layoffs this year. Read more.
