Hospitals have been closing at a rate of about 30 a year, and the pace of closures is poised to accelerate, according to Bloomberg.
Here are three things to know:
1. Analysts told Bloomberg several factors are leading to hospital closures, including health insurers pushing their customers to use more outpatient clinics.
2. There may be an increase in hospital closures over the next year to 18 months, Vikram Malhotra, an analyst at Morgan Stanley, told Bloomberg. Rural hospitals, which have less negotiating power with insurers, will likely see the most closures, according to the report.
3. A recent Morgan Stanley report revealed more than 15 percent of U.S. hospitals have weak financial metrics or are at risk of potential closure.
Read the full Bloomberg article here.
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