Hospital officials said the decision to close the hospital was based on several factors, including reimbursement declines, a dip in patient volume and COVID-19-related losses.
The closure of Bluefield Regional will affect 340 employees. Many of them have been hired by Princeton (W.Va.) Community Hospital, which acquired Bluefield Regional last year.
Princeton Community Hospital said it plans to reopen a freestanding emergency department on the hospital campus Aug. 1.
Princeton Community Hospital said it will rename the ED the PCH Bluefield Emergency Department.
More articles on healthcare finance:
UHS sees profit grow to $251.9M in Q2
GOP unveils $1 trillion COVID-19 relief package: 9 things to know
CHS swings to $70M profit in Q2, plans to sell more hospitals
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
