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Children’s Hospital Oakland to restructure, cut jobs, “reorganize” outpatient services
San Francisco Business Times

After running up more than $80 million in losses over the last four years, including $26 million in 2009, Children’s Hospital & Research Center Oakland said Thursday it must restructure its outpatient services, develop new business opportunities, and negotiate higher private insurance and government reimbursements to cover patient care costs.

The losses have been mounting “at an unsustainable rate,” acknowledged President and CEO Bert Lubin, M.D., who took office last August.