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Explore the common factors behind six hospitals, health systems and physician groups filing for bankruptcy in September - including EHR transition costs and rising practice costs.
St. Margaret's Health CEO Tim Muntz blames a bank maneuver for the closure of a hospital in Spring Valley, IL. The bank swept nearly $7.3 million in funds
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St. Margaret’s Health filed for Chapter 11 bankruptcy Thursday and disclosed at least 1,000 creditors who are owed not less than $10 million but not more than $50 million.
Two hospitals, one in Illinois and one in New York, closed last weekend after years of financial challenges.
Since January, seven hospitals have closed or announced plans to close due to declining patient volumes, dwindling cash reserves, reimbursement or market challenges.