Beth Israel Lahey Health announced that it is making layoffs. A spokesperson for Beth Israel told Boston 25 News the layoffs are occurring in the face of "significant cost increase, a limited reimbursement environment and changing patient care trends." Beth Israel Lahey Health oversees 14 hospitals across Massachusetts and New Hampshire. The health system booked a $110 million operating loss for a 9-month period ending in June 2024.
NeuroBehavioral Hospitals of the Palm Beaches, which operates two facilities in Boynton Beach and West Palm Beach, may close in the coming months due to the bankruptcy of its parent company, Wellpath Holdings. This potential closure could result in the loss of more than 170 jobs, according to a Worker Adjustment and Retraining Notification notice filed with the state of Florida.
The ACA requires nonprofit hospitals to have a FAP, make it publicly available, and refrain from taking extraordinary debt collection actions before determining FAP eligibility. However, there is no federal requirement for a minimum level of financial assistance hospitals must provide. As a result, eligibility requirements and available discounts vary considerably across U.S. hospitals.
The Department of Health Care Policy and Financing released a report on the financial health of Colorado's hospitals. While some are showing financial strength, others appear to be struggling. The 2025 Hospital Financial Transparency Report shows that much of the hospital industry in Colorado is healthy, but this isn't the case for everyone. Denver Health, Colorado's largest safety net hospital, critical access and rural hospitals are facing financial pressures. Most of the $1.5 billion in profits in 2023 were concentrated in urban, nonprofit tax-exempt hospitals. The department said about one-third of Colorado hospitals, including many rural hospitals and Denver Health, saw negative profit margins. From 2022 to 2023 Colorado hospitals' patient revenues grew by 4.8%, but higher labor costs, supply chain expenses and inflation growth have narrowed profit margins.
MedPAC is recommending that Congress update Medicare payment rates for hospital inpatient and outpatient services by the current law amount plus 1% for 2026 and reiterated its recommendation to distribute an additional $4 billion to safety-net hospitals by transitioning to a Medicare safety-net index policy.
New reports out Thursday provide an inside look at the health of Colorado hospitals: what's coming in and what's being put back into the community. And while hospital profits grow, so do expenses. After years of operating in the dark, hospitals across Colorado are now required to disclose more information than ever before.