Bankruptcy gaining traction as business option for hospitals

Filing for bankruptcy is being increasingly seen as a new way for financially stressed hospitals to manage their obligations. Among the recent filers is the now-closed St. Vincent's Hospital in New York, Hudson Healthcare's Hoboken University Medical Center in New Jersey, and Gerald Champion Regional Medical Center in New Mexico. Each of the facilities was buried under significant amounts of debt.

Suggested Articles

Presidential candidate Kamala Harris wants to get rid of the tax break drug companies get for DTC ads

Healthcare software company Phreesia closed its first day of trading as a public company Thursday about 40% above its set price.

Growing the biosimilar market could lead to significant healthcare cost savings, according to a new report.