The Children’s Institute treats pediatric patients with significant behavioral health and medical problems.
The independent medical provider reported operating losses of $1 million in 2017, $7.3 million in 2016 and $2.5 million in 2015. In 2018, officials developed a strategic plan to regain financial stability by the end of fiscal year 2023.
In the past year, the Children’s Institute cut ties with its four-physician medical staff and closed a 62-bed inpatient unit.
“It’s an incredible challenge to remain independent,” Children’s Institute President and CEO Wendy Ann Pardee, PhD, told the Post-Gazette. “We serve a very specialized group of kids.”
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