Hospitals across the state are getting a welcomed gift to begin the new year. On Wednesday, executive director Drew Snyder of the Mississippi Division of Medicaid announced on X that $658.2 million in additional payments have been delivered to hospitals through the recently approved Mississippi Hospital Access Program (MHAP).
The state has filed three tax liens against Prospect Medical Holdings because the California company has neglected to pay $67 million in taxes, records show.
Hospital executives are projecting a sense of urgency around growing profit in other areas to make up for losing money on their bread and butter: taking care of patients in hospitals.
A judgment by the U.S. Bankruptcy Court’s Northern California District on Hazel Hawkins Memorial Hospital’s Chapter Nine bankruptcy eligibility is expected in the next few weeks.
After three years of devastating losses, including a $28 million deficit last year, Sturdy Health says it reaped a profit of $17.2 million in fiscal year 2023. President and Chief Executive Officer Aimee Brewer described the net gain as a “profit” in an email to The Sun Chronicle.
Entering its second year of public ownership, Watsonville Community Hospital has made significant strides toward financial stability since emerging from bankruptcy.