Out of 17 hospitals granted funding from the state’s Distressed Hospital Loan Program, Madera Community Hospital will get the largest share of $50 million in a no-interest loan.
St. Bernards Healthcare announced one of its hospitals will be designated as a rural emergency hospital. The health system said its Five Rivers Medical Center location in Pocahontas would be the first designated as a REH in the state.
Last summer, Greenwood Leflore Hospital was on the brink of closure and up for lease. Now, despite applying for grants from the Legislature, closing several service lines and requesting a more lucrative hospital designation, the hospital is back to square one: it’s going up for lease again.
Health care regulators are considering double-digit increases for Vermont hospital budgets. If some of those new hospital budgets are approved, it would increase what you pay out of pocket.
Olympic Medical Center commissioners were reminded of the organization’s persistent financial challenges related to revenue loss, stagnant patient volumes and low government medical reimbursement rates this week.
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.