The union that represents workers at both R.I. hospitals slammed the business model of their only potential buyer, The Centurion Foundation. Its proposed deal would require the hospitals to issue $133 million in bonds.
The healthcare sector in Massachusetts has a double-sided problem: the cost of care is pushing it out of reach for many residents and draining the wallets of others, but profitability is down at hospitals across the state.
Providers that use Change systems have seen portions — and in some cases nearly all — of their revenue vanish since systems for filing claims or having them paid went offline Feb. 21.