Study: Hospitals rarely survive bankruptcy

A study shows 67 percent of hospitals that filed for bankruptcy between 2000 and 2006 eventually ceased to operate, The Journal News reports. Furthermore, the study found bankrupt hospitals are typically smaller than their competitors and less likely to belong to a system. "Bankruptcy is considered the ultimate business failure," Amy Yarbrough Landry, a professor at the University of Alabama at Birmingham who conducted the study with her husband, a bankruptcy attorney, told The Journal News. "Even if the hospital continues to operate, it's not going to be the same going forward. If nothing changes, it will fail again." Article

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.