Tennessee hospital closes after falling 94% short of GoFundMe goal

Copper Basin Medical Center, a critical access hospital in Copperhill, Tenn., closed Sunday.

Copper Basin Medical Center has been in a dire financial situation for months. The hospital suspended inpatient services May 9 and laid off more than 15 nurses, according to WRCB.

Officials launched a GoFundMe page earlier this year to help keep the hospital afloat. They hoped to raise $100,000 through the campaign, but fell about 94 percent short of their goal. As of Monday, the hospital had received donations from 77 people, totaling $5,559.   

Copper Basin Medical Center is behind on its payroll, meaning some workers will be waiting for paychecks after they are laid off, hospital CEO Dan Johnson told WTVC.

Regarding the closure, Mr. Johnson told WTVC, "We're a small, rural hospital and it's hard for us to adapt with all the changes in healthcare. We had no choice."

More articles on healthcare finance:

Temple University Health's $5.7M operating loss anchored by Epic installation
Ascension's net income more than triples to $1.8B
4 financial, strategic and revenue cycle issues health systems are facing


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars