In the wake of significant financial instabilities and uncertainties, Valley Medical Center is shuttering multiple healthcare units and clinics throughout south King County, beginning with Renton Landing Urgent Care.
On Monday, May 12, Valley Medical announced that loss of funding from the state and federal government, along with private sector reimbursement instability, will lead to the closing of two inpatient units, five clinics and the consolidation of two clinics. Valley Medical, which serves over 600,000 residents, has a growing year-to-date operating loss of -$25 million.
This announcment follows the layoff of 101 non-union employees at Valley Medical Center in Renton, which happened in late March. Those layoffs were due to an abrupt end to the hospital’s Medicaid — or Apple Health — reimbursements…