Hospitals around the state face spending so much money to meet a 2030 deadline to seismically upgrade their facilities that they are trying to convince lawmakers to postpone and narrow the scope of the deadline.
Green Valley's only hospital closed Thursday due to financial strain and an inability to get this retirement community's residents to go there for care instead of driving to Tucson.
The company said the lower than expected earnings projected for the second quarter was due primarily to lower than expected patient volumes, revenues and income generated at its acute care hospitals.
At a City Commission meeting on June 15, hospital officials asked the city for a $645,000 loan to help them keep their doors open as they await potential state funding. The loan money would come from the American Rescue Plan Funding, Sturgis City Manager Michael Hughes said.
The first quarter in 2022 featured a strong mergers-and-acquisitions climate for healthcare with a near-record 712 deals, according to new acquisition data from Irving Levin Associates. Activity in Q1 2022 exceeded Q1 2021 when 635 transactions were announced.
Two Miami men were convicted Monday for conning vulnerable addiction treatment patients, rural hospitals and health insurance companies out of $1.4 billion in a healthcare fraud scam that spanned Florida, Georgia and Missouri, according to authorities.