The Wexner Medical Center meeting saw several resolutions passed Tuesday, including the construction of a new inpatient hospital for $85 million and new implementations for patient care and safety.
Nebraska hospitals say they’re facing historic financial pressures. The Nebraska Hospital Association says since the pandemic started, they’ve seen the cost of providing healthcare go up significantly. They’re forecasting these higher costs will stick around.
After five consecutive years of losses, only federal COVID-19 payments received over the previous year had kept the 25-bed hospital’s bank account solvent.
"We are aware of the proposed merger between Fairview and Sandford. We have opened an investigation into the proposed transaction’s compliance with charities and nonprofit laws. We are also evaluating any possible effects on competition along with state and federal partners," says spokesperson John Stiles.
The affirmation of the 'A' rating reflects MSH's market position as a major academic medical center in New York City and MSH's financial performance, which is consistent with a strong operating risk assessment.
Tower Health on Wednesday laid off 52 people from its corporate staff as the West Reading-based nonprofit health system shrinks through hospital closures and the pending sale of Chestnut Hill Hospital.