A Delta County hospital that said Medicare loans drained its cash will get more than $1.4 million in advance payments from the state, but it’s not clear if that will be enough to stabilize it.
The one notch rating revision to 'A' from 'A+' reflects Providence's on-going operational challenges that have continued largely unabated in fiscal 2022 year-to-date.
They have become among the most pressing financial trends for providers to handle, and they end up hurting the pocketbooks of both healthcare providers and patients. High deductible health plans are also leaving many patients with very unfavorable financial experiences, which, holistically, can affect their outlook on their entire episode of care.
The embattled finances of Holy Family Hospital and other Steward health care properties came into public view last week as the for-profit chain temporarily fought off a vendor’s threat to end dialysis services for nonpayment.