In September, Fulton County Hospital, which faces at least $1 million in debt, requested that Ozarks Medical Center and Baxter Regional Medical Center in Mountain Home, Ark., present management proposals. Ozarks Medical Center declined to make a management offer at the time, citing lack of time in creating a proposal. Baxter Regional offered to manage the hospital for two years before entering into a long-term lease agreement, but Fulton County Hospital rejected that offer.
Beginning next week, Ozarks Medical Center will manage Fulton County Hospital’s daily operations on an interim basis for 60 days without any management fees, during which time the two organizations will discuss a three-year management agreement.
Related Articles on Hospital Partnerships:
Rush University Medical Center to Partner With DuPage Medical Group on Cancer Care
Colorado’s Memorial Health System Attracts 5 Suitors for Lease Deal
Ohio State University Medical Center, Memorial Hospital of Union County Expand Partnership for Cardiac Services
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.
