By: Ayla Ellison
October 16 2020 – From reimbursement landscape challenges to dwindling patient volumes, many factors lead hospitals to shut down or file for bankruptcy. At least 47 in the U.S. have closed or entered bankruptcy this year, and the financial challenges caused by the COVID-19 pandemic may force more to do the same.
Lower patient volumes, canceled elective procedures and higher expenses tied to the pandemic have created a cash crunch for hospitals, estimated to lose more than $323 billion this year, according to a report from the American Hospital Association. That total includes $120.5 billion in losses the AHA predicts hospitals will see in the second half of the year.
Below are provider organizations that have filed for bankruptcy or closed since Jan. 1, beginning with the most recent. They own and operate a combined 47 hospitals.
Becker’s Hospital Review is the original producer/publisher of this content
