Rhode Island’s Landmark Medical Center Seeks $20M State Bailout

Landmark Medical Center in Woonsocket, R.I., is seeking $20 million from the state’s General Assembly, according to The Providence Journal.

Advertisement

The money would come from a tax increase on health-insurance premiums that would raise $5 million annually for four years for Landmark, which has been under court supervision for close to two years starting when it was on the verge of insolvency, according to reports.

The money would go toward the hospital’s merger with Massachusetts chain Caritas Christi Health Care.

Read the The Providence Journal report on Landmark Medical Center.

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.

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.