The hospital had significant debt before the COVID-19 pandemic, and the pandemic exacerbated the situation, according to a Sept. 8 Westlake Medical Center news release. The hospital will continue all its operations during the bankruptcy proceedings, according to the news release.
The hospital said that it has been burdened by both labor and supply inflation.
“At the heart of our hospital’s restructuring is our unwavering commitment to upholding the highest standards of excellence in patient care,” Mark Shen, MD, CEO of The Hospital at Westlake, said in the release. “Like many of our industry peers, we’ve battled immense challenges since the onset of the pandemic, which have only magnified the struggles businesses across every industry grapple with, including our own. Facing the stark reality of our financial standing and the unrelenting pressures impacting our industry, we’re taking every measure possible to secure the future of our hospital.”
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
