Colorado hospital without funds to pay employees this week

The board of directors at Leadville, Colo.-based St. Vincent Health held a Dec. 7 meeting saying that they currently do not have enough money to pay employees on Dec. 9, 9News reported.

Advertisement

The directors were expecting a cash advance in early December and have yet to receive it.

Hospital leadership made no final decisions during the Dec. 7 meeting. The board expects more discussions with the state and county to resolve the situation, according to the report.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Capital

Advertisement

Comments are closed.