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Article: Dangling over the pit: Nevada County Hospital makes a comeback, only to slide back to the brink of failure.
- Article from:
- Arkansas Business
- Article date:
- May 10, 1993
- Author:
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Copyright informationCOPYRIGHT 1993 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IN 1990, NEVADA COUNTY Hospital was clinging by its nails from the cliff of financial despair, but it was clawing its way over the precipice.
It was a great story. A tiny rural hospital in Prescott with one doctor and 24 nurses, on a hopeless quest to serve 15,000 people, went from losing $130,000 in 1989 to posting a profit of $52,135 in 1992.
But, as the latest chapter of the story unfolds, the hospital again dangles from the brink.
A panel of four physicians has been reduced to two and the intensive care unit, opened in October, was shut down in February because of insufficient funding. Nurses who joined the hospital to work in ICU have since departed.
Fourteen ...