During the hearing, employees highlighted the hospital’s financial troubles, including issues with payroll. A head nurse at the hospital testified that nine nurses quit the week of Dec. 14 because they were not getting paid, according to the report.
Lauderdale Community Hospital is managed by Kansas City, Mo.-based EmpowerHMS. During the hearing, an official for EmpowerHMS testified that the hospital’s cash flow problems began in September. However, he said many of the hospital’s financial issues will be resolved when EmpowerHMS receives a back payment of $1.9 million from the federal government. The company expects to receive the payment before April 1, according to the report.
More articles on healthcare finance:
HCA more than doubles profit in Q4
Maine hospital files for bankruptcy
Vermont hospital backtracks on questionable bills
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.