Chicago hospital says patients will still have access to care after closure

Mercy Hospital & Medical Center in Chicago is slated to shut down next year, but patients will still have access to care after it closes, the hospital said in a recent filing with Illinois healthcare regulators, according to Chicago NPR station WBEZ. 

Advertisement

Mercy announced July 29 that it will close next year. The South Side hospital cited monthly operating losses of $4 million as the reason for the closure. The hospital also needs about $100 million in capital investments over five years.

In the recent filing with state regulators, Mercy officials said they’re working to transition patients to other hospitals in the area that have plenty of open beds. 

“The discontinuation of the hospital will not have an adverse impact upon access to care for residents of the hospital’s market area,” Mercy wrote in the filing, according to WBEZ

Mercy plans to close its hospital and outpatient clinics between February and May. It plans to build a new outpatient facility that could treat more than 50,000 patients a year, according to the report. 

Access the full WBEZ article here

More articles on healthcare finance:
10 recent hospital credit downgrades
OIG tags Arizona hospital for erroneous billing
Florida hospital wants to reopen after ties cut with CHS

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.

Advertisement

Next Up in Financial Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.