Category Archives: Financially Distressed

Source: NewsWise.com Postponement of nonessential surgical procedures early in the coronavirus pandemic not only disrupted surgical care at U.S. hospitals, but also took away a large portion of hospitals’ total income, results from two studies reveal. These findings (from the two studies, which took place at the University of Pennsylvania, Philadelphia, and Children’s Hospital of Philadelphia) […]

Source: American Hospital Association AHA’s Future of Rural Health Care Task Force has released a report with recommendations for long-range solutions for improving rural health and health care in America. Read more for the innovative solutions and promising practices for care delivery, as well as models to ensure the financial stability of rural hospitals and access to […]

By: Hayley Smith Source: Los Angeles Times The announcement of Olympia Medical Center’s sale and closure came on New Year’s Eve. Before the clock struck midnight, the community began mobilizing against it. City Council members wrote letters, healthcare workers signed petitions, and union groups staged protests in the days and weeks that followed. By the end of […]

By: Meg Bryant Source: HealthcareDive.com Hospitals across the U.S. are being battered by financial headwinds, and rural hospitals are vulnerable because they don’t have capital or diversified services to fall back on when the going gets rough. Between 2013 and 2017, 64 rural hospitals closed due to financial distress and changing healthcare dynamics, more than […]

Charity Care at Highest Level Since Early 2014 By: KTVZ.COM news sources PORTLAND, Ore. – As Oregon community hospitals’ costs continued to increase, relative to revenues, operating margins continued their downward trend at the close of 2017, landing at a median of -0.8 percent, which was among the lowest tallied in dozens of years, the […]

The coming year will likely continue to be a tumultuous year for health care providers, suppliers, and payers, as they adapt to meet new challenges and market forces, particularly in light of the open questions as to the viability and continued existence of the Affordable Care Act (ACA) and recent comments made by members of […]

By: Todd Ackerman Source: CharlotteObserver.com After Michael Covert submitted his resignation as CEO of the St. Luke’s Health System in June, the initial announcement came not from his Houston bosses, but from the Colorado headquarters of its owner, Catholic Health Initiatives. The Houston Chronicle reports the internal email, sent to Catholic Health CEOs around the nation […]

Source: www.fiercehealthcare.com By: Ron Shinkman Times are tough for rural hospitals, and evidence does not suggest things are going to get any better. Although one of the most rural states in the union, Maine’s rural facilities have been struggling to make ends meet. Facilities such as Mayo Regional Hospital in Dover-Foxcroft have seen their patient census […]

Source: Becker’s Hospital Review By: Ayla Ellison Here are five hospitals that filed for bankruptcy protection or closed since May 20. 1. North Georgia Medical Center in Ellijay closed June 6. A nearby hospital owned by Atlanta-based Piedmont Healthcare plans to reopen the facility’s emergency department. 2. Gardens Regional Hospital and Medical Center, a 137-bed hospital in Los Angeles, […]

By: Melanie Evans Source: ModernHealthcare.com As hospitals increasingly lose patients to medical care delivered in clinics and home settings, hospital operators are escalating their efforts to shrink capacity. Hospitals are operating with fewer beds or closing outright, in some cases to make way for new ambulatory-care centers. In Lakewood, Ohio, where chronic conditions such as […]