“This gap has only continued to increase and most community hospitals – including Steward hospitals in Massachusetts – are suffering losses that jeopardize their ability to continue to offer services.”
Steward Health Care, owner and operator of 10 Massachusetts medical centers, says financial difficulties are placing the future operations of their facilities at risk.
New England Sinai Hospital in Stoughton, Morton Hospital in Taunton, Nashoba Valley Medical Center in Ayer, Carney Hospital in Dorchester, Good Samaritan Medical Center in Brockton, Holy Family Hospital in Haverhill and Methuen, Norwood Hospital, Saint Anne’s Hospital in Fall River, and St. Elizabeth’s Medical Center in Brighton are all in Steward’s network.
Steward said their facilities, and other community hospitals, face financial troubles that stem from the pandemic. Since then, the hospital group has been affected by a gap between commercial health insurance reimbursement and reimbursements from federal plans, which “meaningfully trails” commercial, they said.