After six decades of regional prominence, Memorial Medical Center-Lufkin, the flagship hospital of a four-campus system in East Texas, weathered a multi-year trend of dwindling patient volume and cash reserves resulting in a bond rating downgrade. Determined to get back on track, hospital leaders hired CHC to design and implement a turnaround program to restore the hospital’s financial health and credit, as well as the system’s prospects as a whole.
Recently, the system announced a strategic partnership made possible in part by the turnaround program’s impressive results.
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