Northern Inyo Hospital CEO outlines multi‑year plan after one‑time aid averts immediate crisis
Northern Inyo Healthcare District CEO Dr. Wallace told the Inyo County Board of Supervisors that the hospital faces a projected operating loss of about $13 million this year but detailed short‑term fixes and multi‑year growth and partnership plans after a one‑time $8 million employee retention credit improved near‑term cash metrics.
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Dr. Wallace, chief executive of Northern Inyo Healthcare District, gave the board a candid financial and operational update, saying the hospital ran year‑to‑date operating income of negative $9.4 million and expects to finish the fiscal year with an operating deficit near $13 million.
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