Grady Faces $43 Million Operating Loss ATLANTA, GA (WABE) - Even with a forthcoming change in governance, and tens of millions of dollars from private donors and the state, Grady Health Systems projects a $43 million operating loss this year.

Grady is still struggling with the increasing cost of providing care, and declining revenues.

A hefty $50 million check that the hospital expects from The Woodruff Foundation - the first of four installments totaling $200 million - won't help. That money can only be used for capital expenses.

Michael Ayers, Chief Financial Officer, says the deficit will have an impact on Grady's business:

AYERS: It will affect our ability to grow services, to invest in our people and processes, to change our delivery models to be more effective to the community.

The hospital does, however, expect part of $58 million that the state has set aside for trauma hospitals this year. Ayers says that could bring the operating loss down to $18 million.
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