“While we continue to make progress with our strategic initiatives, the pace of the progress has not been fast enough in 2023 to meet our initial guidance,” CEO Barb Jacobsmeyer told investors at the time. “We remain confident our teams’ relentless efforts to retain staff, manage costs, and deliver high-quality care will enhance our value long term.”
She said the company negotiated 10 new Medicare Advantage contracts, hired 203 full-time nurses and “continued to outperform the industry average with a 30-day hospital readmission rate that is 370 basis points better than the national average.”. Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. He's been The News' business editor since 2015.
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