The Gadsden City Council on Tuesday officially sent an SOS to the county’s legislative delegation and others over a situation that will cost the city more than $1.5 million and recently cost Etowah County more than $400,000 in sales tax refunds to Gadsden Regional Medical Center.
Accusing Mercy Iowa City of shifting blame for its “prolonged” financial deterioration that preceded “a bankruptcy fire sale process for a mere $20 million,” bondholders have asked a judge to appoint an examiner to investigate the hospital’s downfall and answer key questions.
In court filings Monday, major Mercy Iowa City investor Preston Hollow Community Capital — along with the master trustee of its debt — said the hospital “threw in the towel” and filed for bankruptcy protection without consulting them. Should a “below-market” offer from the University of Iowa go through, the filing asserted, Mercy will cease to be an independent “full-service acute care hospital.”
The US owes a Texas hospital about $6.5 million for testing and treating uninsured people for Covid-19, according to a federal court complaint.
The Department of Health and Human Services and the Health Resources and Services Administration arbitrarily refused to reimburse Sana Healthcare Carrollton for 285 claims made on a day when a technical glitch in an HHS payment portal resulted in their denial, the hospital says in a complaint filed Thursday in the US District Court for the Eastern District of Texas.
Massachusetts hospitals that serve disproportionate numbers of patients on Medicaid or who lack health insurance are pressing to block or delay nearly $630 million in federal funding cuts that were originally enacted in 2010 as part of the Affordable Care Act.