From increased competition to reimbursement landscape challenges, many factors lead hospitals and health systems to file for bankruptcy.
Here are five hospitals and health systems that have filed for bankruptcy or announced plans to file for bankruptcy since November, beginning with the most recent.
1. The public trust that operates Atoka (Okla.) County Medical Center filed for Chapter 9 bankruptcy Jan. 10. The critical access hospital is about $16 million in debt.
2. North Philadelphia Health System filed for Chapter 11 bankruptcy Dec. 30 after years of financial troubles. NPHS currently operates two facilities in Philadelphia: Girard Medical Center, a 168-bed psychiatric hospital, and Goldman Clinic, a substance abuse treatment center.