UCSD Health CEO says she's still optimistic that a final agreement will be approved
Plans made in the fall had UC San Diego Health running financially distressed Tri-City Medical Center in Oceanside by the end of March, but the deal still is not complete.
patients from coastal North County to stay near home rather than driving so far south for care. But the agreement approved by Tri-City's board of directors on Oct. 26, 2023, was contingent upon and Sharp HealthCare. Its latest financial statement shows that it has been an extremely rough fiscal year. From July through December, a recent financial report shows that Tri-City's operations lost between $2.9 million and $5.8 million per month, adding up to a $24.6 million loss for the year so far. However, results in January and February look better, with revenue exceeding expenses by about $1.5 million. Dr.
and Tri-City. Maysent had no comment on the matter. But operating at a loss for so long, and getting sideways with many vendors, begs questions about the quality of care that Tri-City is able to deliver. The California Department of Public Health accepts complaints about every hospital in the state, and lists a total of 45 for Tri-City in 2023, a dozen more than the state average of 33 per similarly-sized facility tallied last year.
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