Operating losses spur Rice Hospital to continue cost-containment efforts
WILLMAR — In the wake of red ink last year, Rice Memorial Hospital officials say they’ll continue to focus on paring down expenses.
According to preliminary figures, Rice sustained a $3.2 million loss on $119.2 million in total operating revenue in 2013, making it one of the hospital’s most difficult years.
The deficit includes a $2.8 million operating loss coupled with a $389,000 non-operating loss due at least partly to declines in cash and investments.
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