A STRUGGLING hospital has fallen into bankruptcy, pushing a federal judge to threaten the business with a January 6 deadline to turn around its operations.
As the medical facility grapples with industry-wide challenges and faces potential shutdown, patients are being left in limbo.
A range of factors have pushed financial trouble for hospitals across the country, with spiked labor, drug, and supply costs hurting the industry, coupled with meager reimbursements from government and private payers.
Other recent pains for hospitals include labor shortages, administrative burdens from insurers, and rising regulatory mandates…