How financial distress forecasting can help hospitals avoid closure
Hospitals are increasingly experiencing financial hardships due to factors such as changing reimbursement models, lower patient volumes and more competition in some markets.
Amid these circumstances, some facilities find funding mechanisms or strategies, such as a system affiliation, to improve their financial picture and remain viable. However, others are forced to file for bankruptcy or close.
Read the full article in Becker’s Hospital Review, July 23, 2018.