Avoid Rural Hospital Closure and Forge a Path to Financial Success
Understand the red flags of insolvency in healthcare
Financial security in today’s ever-changing healthcare landscape may seem like a too-distant promised land for many non-urban hospitals and health systems. While avoiding challenges altogether is unrealistic, knowing what red flags to watch out for can help your organization stay on a more stable financial path and could, with the right strategies in place, help turn potentially negative situations around. Let’s examine the four most common factors that lead to insolvency and rural hospital closure to gain an understanding of what it takes to succeed in healthcare today.