St. Margaret’s Health plans to shutter its Spring Valley, Ill., hospital June 16 after the 2021 hack hampered the hospital’s ability to submit claims to payers, according to the story. “You’re dead in the water,” Linda Burt, vice president of quality and community services at the hospital, told the news outlet. “We were down a minimum of 14 weeks. And then you’re trying to recover. Nothing went out. No claims. Nothing got entered. So it took months and months and months.”
The cyberattack was also partly to blame for the health system’s decision to suspend operations at its Peru, Ill., hospital in January. Peoria, Ill.-based OSF HealthCare has said it plans to purchase and reopen that facility.
“There are countless examples of small businesses that have gone bankrupt following ransomware attacks as they were unable to restore their systems or afford to pay to get back up and running,” Errol Weiss, chief security officer of government-funded cybersecurity nonprofit Health-ISAC, told NBC News. “It’s tragic that we can now count a hospital in this statistic.”
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.