GREENVILLE, N.C. (WITN)- Vidant Health says that its first quarter of fiscal year 2020 saw a significant budget shortfall.
We asked Vidant what that specific number is but they said they are only providing a statement at this time.
Vidant Health Statement:
"Vidant Health understands—and continues to be transparent about—the unique challenges of delivering health care for eastern North Carolina. These challenges include a high burden of disease, an underserved population, a growing number of patients relying on Medicare and Medicaid and a lack of focus on rural health care policy. In addition, there are more than one million people in North Carolina living without health insurance.
Vidant is feeling the impact of the realities of delivering rural health care, which includes changes in reimbursement and increased costs associated with serving our mission. As a result, Vidant experienced a significant budget shortfall for the first quarter of fiscal year 2020. We are working to address the shortfall by exploring a number of options to include reducing expenses by ceasing discretionary spending, implementing process improvements and a reduction in workforce - this will not impact patient care at this time.
Despite these challenges, Vidant will stay true to improving the health and well-being of eastern North Carolina. The communities we serve depend on us to protect their health care."