As Independence Health System continues to see financial woes, officials believe that there will be some improvement over the next couple of years.
According to the Pittsburgh Post-Gazette, Butler Health System merged with Excela Health last year, but the two entities still keep separate financial records.
During a call last week, BHS leaders said that they are on track to lose $28.5 million from operations over this past fiscal year. That’s an improvement compared to $43.2 million at this point last year.
It’s expected to trim those numbers by another 12 to 15 million over the next two years.
The hospital cites higher costs along with lower insurance reimbursements as main reasons for the operational losses.
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