The hospital shut down its inpatient unit May 30. Surgeons, nurses and anesthesiologists were among those who were laid off when the facility closed.
“This has been a heartbreaking day for us and our hospital employee family,” U.S. Pain and Spine Hospital Interim President Christopher Packard told KTRK-TV.
Mr. Packard didn’t give a detailed account of the hospital’s finances, but said recently discovered accounting errors negatively affected the facility’s financial situation.
“After the recent termination of our corporate CEO and CFO, we discovered a number of accounting errors and omissions [regarding] our hospital operations, which severely impacted our bottom line,” he said.
Although the hospital will no longer offer inpatient procedures, its imaging center, emergency room and clinics are still open, according to the report.
More articles on healthcare finance:
Banner Health’s net income plunges 55% in Q1
Texas Children’s operating income nearly triples in first half of fiscal year
Senator calls for federal investigation into Missouri hospital’s billing practices
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