After declaring bankruptcy last year, Watsonville Community Hospital became publicly funded in August and is expected to unveil a new three- to five-year strategic business plan next year, according to the Santa Cruz Sentinel.

Across the U.S., 220 rural hospitals — more than 10 percent nationwide — are at immediate risk of closing because of financial losses and lack of financial reserves to sustain operations, according to the Center for Healthcare Quality and Payment Reform. 

Hospitals have been paying astronomical prices for staff turnover, according to the "2022 NSI National Health Care Retention & RN Staffing Report."

Louisville, Ky.-based Baptist Health has reported audited losses for fiscal 2022 of over $176 million amid a steep decline in the value of its investments.

The percentage of healthcare organizations with an internal minimum wage of $15 or higher increased significantly over the last year, according to the "2022 Health Care Staff Compensation Survey" from SullivanCotter.

Duarte, Calif.-based City of Hope has been downgraded from "A+" to "A" as the health system struggles with declining operating performance and increased debt linked to its acquisition of Cancer Treatment Centers of America, S&P Global Ratings said Dec. 23.

Dozens of U.S. hospitals filed layoff notices in 2022. Some are trimming their workforces due to financial and operational challenges, and some are offering affected workers new positions.

Chicago-based Rush Health has appointed Garth Walker, MD, as its medical director of value-based care. 

Losses on investment, costs associated with converting to the Epic electronic health records system, and excess labor expenses dragged Jacksonville, Fla.-based Baptist Health to an overall loss of over $227 million in fiscal 2022. Much of that loss was experienced…

Large U.S. companies took a hit this year with six in particular losing more than $4 trillion in market value over the last year, according to The Wall Street Journal and Yahoo Finance.