Negotiations between bankrupt hospital owner Prospect Medical Holdings and the Pennsylvania attorney general over Crozer Health's transfer to a new nonprofit "hit a snag" over the weekend, Prospect's lawyer told a bankruptcy judge Monday. Prospect will be back in federal court Thursday to either ask for a 30-day extension of bankruptcy funding for Crozer or with a plan for shutting down the Delaware County hospitals, Prospect's lawyer, Thomas R. Califano, of Sidley Austin, told the judge. "I really hope it's not the agreed shutdown," he said. Califano said Prospect and the Pennsylvania attorney general's office worked over the weekend. He did not say what the snag was. On Friday, Prospect put out a news release saying it had reached a deal to transfer Crozer Health to a "not-for-profit consortium of health-care operators" with state support, even though no agreement had been reached.
Montgomery Mayor Steven Reed and state lawmakers reacted Tuesday afternoon to news that Jackson Hospital and Clinic, which he called "a cornerstone of our community’s healthcare system," filed for Chapter 11 bankruptcy protection. The financially-troubled hospital filed paperwork on Monday, court filings show. On Tuesday, U.S. Bankruptcy Judge Christopher L. Hawkins granted an emergency motion for an expedited hearing, which is set for 10 a.m. Wednesday at the U.S. Bankruptcy Court in Montgomery. Court documents indicate Jackson listed assets and liabilities of between $100 million and $500 million. In a list of 30 creditors who have unsecured claims, Jackson Hospital owes more than $28 million to CAPTA HEALTH PARTNERS, LLC, based in Chicago. Jackson Hospital officials have since confirmed the hospital and its clinics will remain open and operating as usual and says it’s focused on the care and safety of its patients.
Lawmakers on both sides of the aisle have expressed support for saving Jackson Hospital & Clinic in Montgomery, which may be facing closure if the hospital cannot get its financial situation sorted out.
Affordable Care Act marketplace insurance plans denied an average of 1 in 5 claims in 2023, with two carriers denying as many as 1 in 3, according to a KFF analysis.
With hundreds of billions of dollars at stake, health care providers and officials are still sorting through conflicting memos as significant portions of their federal assistance sit in limbo.
Iowa patients would receive credit toward their health insurance deductible by paying for health care services in cash under a bill state lawmakers advanced Monday.