From reimbursement landscape challenges to dwindling patient volumes, many factors lead hospitals to file for bankruptcy.
Here are nine hospitals that have filed for bankruptcy since Jan. 1, beginning with the most recent.
1. Kennewick, Wash.-based Trios Health filed for Chapter 9 bankruptcy June 30. Trios Health includes a full-service community hospital, a women's and children's specialty hospital, outpatient specialty offices and urgent care clinics.
2. Walnut Hill Medical Center in Dallas filed for Chapter 7 bankruptcy June 6 after abruptly closing just four days prior.
3. Milledgeville, Ga.-based Oconee Regional Medical Center filed for Chapter 11 bankruptcy May 10. On June 30, a bankruptcy judge approved the sale of ORMC to Macon, Ga.-based Navicent Health.
4. Campbellton-Graceville (Fla.) Hospital filed for Chapter 11 bankruptcy May 5 to lower its high debt load.
5. Green Valley (Ariz.) Hospitalfiled for Chapter 11 bankruptcy April 3. In its bankruptcy documents the hospital says it was "poorly managed" and "undercapitalized" since it opened about two years ago.
6. Humble (Texas) Surgical Hospitalfiled for Chapter 11 bankruptcy Feb. 24. The hospital filed its bankruptcy petition after a judge ordered it to pay Hartford, Conn.-based Aetna $51.4 million in a seven-year-old court battle over the hospital's out-of-network charges.
7. Louisiana Heart Hospitalin Lacombe filedfor Chapter 11 bankruptcy Jan. 30. The hospital shut down Feb. 10 and closed its 16 medical clinics Feb. 28. In June, New Orleans-based Ochsner Health System signed an agreement to lease Louisiana Heart Hospital and revealed plans to open long-term care, skilled nursing and inpatient rehabilitation units at the facility.
8. North Texas Medical Centerin Gainesville, which is owned by the Gainesville Hospital District, filed for Chapter 9 bankruptcy Jan. 17. With the hope of regaining its financial footing, the hospital's board approveda partnership with King of Prussia, Pa.-based Universal Health Services in December.
9. The public trust that operates Atoka (Okla.) County Medical Centerfiled for Chapter 9 bankruptcy Jan. 10. At that time, the critical access hospital was about $16 million in debt.
More articles on healthcare finance:
This week's 5 must-reads for hospital CFOs
S&P: Senate healthcare bill is 'inadequate beyond 2021'
10 hospitals seeking RCM talent