By Grant Nordby: For More Info, Go Here…
Rural hospitals are in dire financial distress, and many have been forced to shut their doors.
According to a 2018 GAO report, 64 rural hospitals closed between 2013 and 2017, which is more than twice the number of closures in the preceding five-year period. In Tennessee alone, 10 hospitals have closed since 2012, creating “healthcare deserts” across rural areas.
There are many factors that can play into a hospital closing; however, in rural areas it often comes down to three factors: Revenue pressure, A complex patient population, and the cost of attracting and retaining providers.