The 45-bed hospital, owned by Brentwood, Tenn.-based Quorum Health, began scaling back services several weeks ago. The hospital ended obstetrics services and closed its emergency room Aug. 31 and ended surgical services Sept. 3.
“The closure reflects a national trend as small rural hospitals feel the impacts of reductions in federal funding, lower reimbursements from government and commercial insurers, and rising numbers of uninsured patients,” the hospital said in a press release. “MRH has struggled with declining patient volumes in recent years and has maintained an average daily census of just eight patients.”
In late July, Quorum entered a definitive agreement to sell McKenzie Regional to Memphis, Tenn.- based Baptist Memorial Health Care. Baptist Memorial plans to operate the facility as an outpatient diagnostic imaging center and sleep center.
More articles on healthcare finance:
Illinois hospital closes: 4 things to know
MU Health Care’s annual revenue hits $1B for first time
U of Kansas Health gets record-breaking $66M gift
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
