$92 million accounting error delivers blow to hospital's bottom line
CHICAGO - In a whopper of an accounting misstep, Edward-Elmhurst Health overestimated by $92 million the revenue it expects to receive from insurance companies and patients, delivering an unexpected blow to its bottom line.
In an interview Tuesday, CEO Mary Lou Mastro said there will be no layoffs or service cuts to compensate for the money that the hospital planned to receive but won't. The company is aggressively addressing the issue so that
