Kansas hospital closes under pressure from COVID-19

Pinnacle Regional Hospital in Overland Park, Kan., and its affiliated clinics have closed, according to KCUR

Advertisement

Pinnacle Regional, formerly known as Blue Valley Hospital, filed for Chapter 11 bankruptcy in February. On April 10, the bankruptcy trustee told hospital employees that Pinnacle Regional was closing due to “unforeseen and unexpected business circumstances, including the disruption to a wide range of surgeries and business operations created by the COVID-19 pandemic,” according to KCUR

The hospital’s six satellite clinics in Kansas and Missouri also shut down. More than 100 employees will be laid off over the next few weeks due to the hospital and clinic closures, according to the report. 

Pinnacle Regional is owned by Overland Park-based Pinnacle Healthcare. The company closed its other hospital in Boonville, Mo., in January. 

Access the full KCUR report here

More articles on healthcare finance:
Rural America braces for COVID-19 as more hospitals close
CMS pitches 3 payment rules for 2021: 5 things to know
13 latest hospital credit rating downgrades

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.