23 Aug PROCEEDS FROM THE FOUNDATION BENEFITTING HIGHLAND-CASHIERS HOSPITAL HAVE BEEN USED TO BALANCE ITS BOOKS WHEN IT RUNS A DEFICIT. AS I UNDERSTAND IT, THAT WON’T LEGALLY BE POSSIBLE IF HCA BUYS IT. DOES THIS MAKE HIGHLANDS-CASHIER ESPECIALLY VULNERABLE TO BEING CLOSED?
This was true prior to Mission taking over, when Highlands-Cashiers Hospital lost nearly $5 million. As you can see from the graph below (which depicts performance WITHOUT Foundation support), the hospital has continually and dramatically improved its operating performance with Mission’s support (as have all of our member hospitals). With the addition of HCA Healthcare’s cost savings and expertise, Highlands-Cashiers Hospital has by far its very best opportunity to be sustainable over the long term.