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Changing the Balance of Power Through Bankruptcy in a Changing Hospital Landscape
Changing the Balance of Power Through Bankruptcy in a Changing Hospital Landscape
In today’s rapidly evolving healthcare environment, heightened scrutiny and regulatory changes present unique challenges for industry professionals. The hospital sector had only five bankruptcy filings in 2024, down from 12 in 2023, but the Steward Health Care System filing included 31 hospitals and was the largest hospital bankruptcy in the last 30 years. This year has already seen 4 hospital systems file bankruptcy cases, including Prospect Medical Holdings with 16 hospitals nationwide. Current federal budget projections propose $880 billion in cuts over the next decade, which are expected to fall primarily on Medicaid. Medicaid pays for 19% of all spending on […]
