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Thursday, August 15, 2024
Eight Hawaii hospitals at risk of closure
By Selected News Articles @ 3:55 PM :: 1856 Views :: Hawaii Statistics, Health Care

Eight Hawaii hospitals at risk of closure

BeckersHospitalReview.com, Aug 5, 2024 (excerpt) 

…More than 700 rural U.S. hospitals are at risk of closure due to financial problems, with more than half of those hospitals at immediate risk of closure. 

The latest analysis from the Center for Healthcare Quality and Payment Reform, based on CMS's July 2024 hospital financial information, reveals the financial vulnerability of rural hospitals in two categories: risk of closure and immediate risk of closure.

In the first category, nearly every state has hospitals at risk of closure, measured by financial reserves that can cover losses on patient services for only six to seven years. In over half the states, 25% or more of rural hospitals face this risk, with nine states having a majority of their rural hospitals in jeopardy.

The report also analyzes hospitals facing immediate threat of closure meaning financial reserves could offset losses on patient services for two to three years at most. Currently, 360 rural hospitals are at immediate risk of shutting down due to severe financial difficulties….

Hawaii
8 hospitals at risk of closing (62%)
0 at immediate risk of closing in next 2-3 years

PDF: Rural_Hospitals_at_Risk_of_Closing.pdf (chqpr.org)

read … 703 hospitals at risk of closure, state by state (beckershospitalreview.com)

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