8 hospital closures so far in 2016

Hospitals across the nation are facing a myriad of financial challenges, including underpayments from Medicare and Medicaid and more than $144 billion of new reimbursement cuts since 2010.

These financial challenges combined with other issues, such as declining patient volumes, have caused more than 60 rural hospitals to close over the past five years.

Below are eight hospitals closures Becker's Hospital Review has covered so far this year.

1. McNairy Regional Hospital in Selmer, Tenn., part of Knoxville, Tenn.-based Tennova Healthcare, will close May 18.

2. SoutheastHEALTH in Cape Girardeau, Mo., closed Southeast Health Center of Reynolds County and its related clinics March 11.

3. Saddleback Memorial – San Clemente (Calif.) hospital announced it will close May 31.

4. Sayre (Okla.) Memorial Hospital abruptly closed Feb. 1.

5. Williamsburg Regional Hospital in Kingstree, S.C., shut down in February after severe flooding last October rendered the majority of the hospital unusable. The hospital said it hopes to put a fully functional modular facility in place, but that had not been completed as of March 10.

6. Cleveland Clinic's 108-year-old Lakewood (Ohio) Hospital closed in February.

7. St. Mary's Hospital in Streator, Ill., closed in early January.

8. St. Louis-based BJC HealthCare closed 126-bed Parkland Health Center – Weber Road in Farmington, Mo., in January.

More articles on healthcare finance:

Boston Children's operating income plummets 71% in Q1
Michigan hospitals would have to publicize chargemasters under proposed legislation
House Republicans unveil 2017 budget: 7 things for healthcare leaders to know

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