Boca Raton Community Hospital has backed out of building a teaching hospital in partnership with 2 universities, as a result of financial problems.
This fiscal year, the hospital had $40 million in operating losses. Hospital officials say they are planning to sell an 80-acre property bought in anticipation of the project to recover a large chunk of the expenses incurred.
Boca Community Hospital is now taking aggressive steps to turn around their financial position. MAR funding is a tool used by hospitals with similiar fiscal difficulties as a way to accelerate cash flow, boost liquidity and get their finances back in shape.
By incorporating MAR funding to their financial turnaround strategy, Hospital officials will be in a better position to revisit the development of a teaching hospital.
This fiscal year, the hospital had $40 million in operating losses. Hospital officials say they are planning to sell an 80-acre property bought in anticipation of the project to recover a large chunk of the expenses incurred.
Boca Community Hospital is now taking aggressive steps to turn around their financial position. MAR funding is a tool used by hospitals with similiar fiscal difficulties as a way to accelerate cash flow, boost liquidity and get their finances back in shape.
By incorporating MAR funding to their financial turnaround strategy, Hospital officials will be in a better position to revisit the development of a teaching hospital.
