The closure was announced Aug. 4 via a post on Van Zandt Regional Medical Center’s Facebook page. Medicare cutbacks, dwindling reimbursement from insurance companies and a financial burden left by previous management were among the factors that forced the hospital to close, according to CBS19.
Van Zandt Regional Medical Center was the only emergency services provider in Van Zandt County, and a group of local physicians are trying to restore those services. Hospital management is in negotiations with a physician group that is interested in taking over the hospital, according to CBS19.
More articles on healthcare finance:
Illinois hospital files for bankruptcy
Tenet sees revenue rise, profit fall in Q2
How buying a failing hospital can pay off
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