Did mismanagement or charity care cause Roseland Hospital's financial emergency?
Did Roseland Community Hospital wind up on the brink of closing last week because of the primarily poor population it serves? Or because of mismanaging their resources? Depends on who you ask. Roseland had said it was in danger of closing on Wednesday because it owed $7 million to pay off debt that was more than 90 days delinquent. But Gov. Quinn was able to give the safety-net hospital $350,000 to keep the doors of the financially strapped facility open. Sharon Thurman, a hospital vice president, has said the money will allow the hospital to meet its June 17 payroll, giving Quinn's number crunchers time to review the hospital's budget and come up with a long-term plan.
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Transforming Cancer Care
- Acute Kidney Injury Gets New Focus
- Interventional Radiology No Longer a Sub-Specialty
- Sharp HealthCare Leaves Pioneer ACO Program
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- mHealth Tackles Readmissions
- Proton Beam Therapy Poised for Growth in US
- MA an Insurance Proving Ground for Providers