Another regional medical center, St. Mary-Corwin Medical Center in Pueblo, Colorado, has announced a major restructuring that result in the loss of approximately 300 employees will include the loss of nearly 300 jobs and a reduction in active patient beds from 114 to 42.
The hospital’s CEO, Mike Cafasso, said that the changes are part of a "new strategic direction" and the implementation of "bold, transformative initiatives" to sustain viability while maintaining quality care. The hospital will focus on their core competencies, namely widely-recognized cancer care and orthopedic services, including a state-of-the-art joint replacement center and a new master-planned medical center campus.
It appears that there will be a greater outreach to community physicians and other facilities, especially competitor Parkview Medical Center, a private, non-profit licensed for 350 acute-care beds and provides a full range of healthcare services including the region’s only certified and verified Level II Trauma Center as well as the region’s first certified Stroke Center. Parkview’s executives appear to be upset at Centura Health, St. Mary-Corwin’s parent, for not engaging in joint planning to assure the continuity of care to patients who must seek healthcare elsewhere.
The hospital’s finances have been characterized as stable, but stagnant and unsustainable. Cafasso explains, "Our efforts to move things forward and to sustain growth have not been successful, so it's time to focus on fewer services and try to grow those, and try to regain financial footing and go from there. We can't continue to be all things to the community."