The 194-bed acute care hospital, whose system also includes 28 primary and specialty care clinics, said in a Feb. 28 filing that its income available for debt service is less than 110 percent of the maximum debt service requirement, prompting the agreement to hire consultants.
Mercy Iowa City employs 1,350 people and has a medical staff of 250 physicians.
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.
