The health system will shut down Physicians Regional Medical Center in Knoxville and Lakeway Regional Hospital in Morristown on Dec. 28, according to WATE.
“We will work with our medical staff, patients and local EMS/first responders to ensure a smooth transition of care,” said Tony Benton, CEO of Tennova Healthcare.
Although Tennova will close two hospitals, it plans to enhance services at North Knoxville Medical Center and Turkey Creek Medical Center in Knoxville. The system is also working with local physicians to pursue opportunities to develop new outpatient care sites, according to the report.
More articles on healthcare finance:
Louisiana hospital files for bankruptcy, blames ex-administrator for financial crisis
Moody’s: How CHS, Tenet and LifePoint are offsetting industry challenges
Billionaire pledges to fight pharma’s ‘abusive’ pricing
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.