RI hospital's fate in judge's hands
Burdened by an unmanageable debt load, The Westerly Hospital will ask a state judge to appoint a "special master" to take control of its finances. The hospital's board of trustees voted unanimously Monday night after a three-hour meeting to voluntarily file for receivership. Charles S. Kinney, hospital president and CEO, recommended the action. The hospital plans to make the filing on Wednesday. If receivership is approved, the court would appoint a special master who would assume fiduciary responsibility for the hospital. The master would work with the hospital to restructure its debt and address its financial problems.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Handshaking Spreads Germs. Get Over It.
- Healthcare Costs Start With What We Eat
- Hospitals Likely to Outsource ICD-10 at Launch
- IOM Identifies GME Problems, Calls for Finance Changes
- CMS Confirms ICD-10 Deadline
- Anatomy of 3 Health System Rebranding Efforts
- Premium Subsidy Fight Creating Uncertainty for Hospitals, Health Plans
- Medicare Advantage Carriers See 'No Choice' But to Accept Cuts