5 Latest Hospital Bankruptcies

By: Guest Author | Posted on: Feb 02, 2017

This article was originally published on beckershospitalreview.com, by Ayla EllisonView the original article by clicking here

hospital bankrupt.pngObamacare, Healthcare, Medical Insurance, health insurance, medical costs, medical coverage, what's next for healthcare, obamacare repeal, hospital administration, healthcare reinbustment, Trump, President Trump, Donald Trump, Trump Administration, Trump Healthcare plan, Healthcare 2017From 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.


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