Texas hospital to cease inpatient care, lay off staff

Hamlin (Texas) Memorial Hospital is closing its emergency room and ceasing inpatient care and other services on July 31.

Four things to know:

1. The hospital's board of directors unanimously voted June 29 to discontinue the services — a move that will result in about 35 people losing their jobs, according to local TV station KTXS

2. Effective Aug. 1, HMC will offer services at its walk-in clinic, Hamlin Medical Clinic, according to KTXS.

3. The hospital is facing financial challenges, according to a press release on its Facebook page.

4. "Over the past many years inpatient utilization has decreased to the point that there are many days that there is no one in the hospital," the hospital said. "After an in-depth study of all departments in the hospital, income vs. expenses, it became very evident that Medicare, Medicaid, and most private insurance reimbursements did not come close to covering continually rising expenses. A declining tax base and tax payment delinquencies have also contributed to the financial hardships."

Access the full KTXS article here.

More articles on healthcare finance:

10 health systems with strong finances
Mayo Clinic, IRS face off in federal court
Why healthcare execs should prepare for private equity to come knocking

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months