Nonprofit hospitals are required by the Affordable Care Act to provide financial assistance, also known as charity care, to eligible, often low-income, patients, but few qualified patients know this option exists. Minnesota Rep. Tina Liebling, DFL-Rochester, and others want to change that through legislation.
Hospitals across New York state are facing financial headwinds in the wake of the COVID-19 pandemic, with many reporting negative or unsustainable operating margins, delaying needed construction projects and reducing or outright eliminating services as a result of staffing shortages.
CHAMPION, Ohio (WKBN) — It’s been two years since Mercy Health announced plans to build a new St. Joseph Hospital in Champion, a statement released Monday says the project has been put on hold.
Atrium Health’s billion-dollar investment into its facilities at Carolinas Medical Center continues as plans for a new bed tower push forward. The Charlotte-based healthcare giant filed a building permit with Mecklenburg County on Nov. 29 for a 1.2 million-square-foot, 12-story bed tower.
The rating agency said Thursday's downgrade reflected "a multi-year trend of weak operating performance," resulting in budget shortfalls analysts expected to continue into 2023. Moody's also pointed to growing competition in health services around the Philadelphia metro area and suburbs.