Shriner's Hospital under 'financial duress' - Spokane, North Idaho News & Weather KHQ.com

Shriner's Hospital under 'financial duress'

SPOKANE, Wash. - Insured or not, every single child who walks through the door receives health care and the value of the hospital is clear the moment you speak to any parent who relies on their services. Now, a $3 billion drop in its endowment fund over the past 18 months has put Shriner's Children Hospital under financial duress.

The loss of funds is a reflection of the volatility of the stock market as well as a decrease in public donations, which the hospital also relies on. The Spokane Shriner's Hospital has already cut $400,000 from its budget. Hundreds of families rely on the hospital for medical care and treatment which provides services at no cost.

Serious times for the hospital are also showing through in the hospital's hiring process; they have been in a hiring freeze for months and have not been able to fill several open positions. They are relying on fewer people, less money but the same number of patients.

Despite the economic shortfall and challenges, the hospital remains optimistic and says it will do its best to tighten and shrink operations while not compromising quality care.

If you are interested in donating, you can drop off donations at the hospital's lobby or go to their web site by clicking here.

The Spokane hospital is part of a larger network of 22 other Shriner's Hospitals nationwide, including one in Mexico City and one in Montreal.

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