Watsonville Community Hospital's Latest Achievements —
Your Support Makes a Difference!
Watsonville Community Hospital is now owned by the community it serves! And because of your support, residents of the Pajaro Valley are now ensured access to emergency services, outpatient, and inpatient care.
We would like to share some accomplishments since the new ownership took over on September 1, 2022, to improve the hospital's financial performance:
- All major insurance company contracts were renegotiated. Between September 2022 and March 2023, new payment rates will continue to be implemented, generating over $11 million in additional annual revenue for the hospital.
- In mid-October, new staffing schedules were put in place to reduce the hospital's spending on temporary employees and overtime. We have already seen hundreds of thousands in savings and expect to achieve $8 million in labor efficiencies in 2023.
- Many of the hospital's open positions are now filled by local candidates, helping to bolster the local economy.
- The new hospital board approved the purchase of a brand new, state-of-the-art cardiac catheterization lab, which we hope to be operational later this year.
- In October 2022, the hospital experienced its first month of positive cash flow in many years. The earnings were fully reinvested in the hospital.
- The hospital's budget for 2023 calls for a consistent monthly positive bottom line by the third or fourth quarter of the year.
Our work is not done. PVHDP will continue to focus on ensuring the hospital remains financially viable so it can provide quality service for years to come.