Erik Swanson
Many of Arkansas’ Largest Hospitals Report Losses in 2023 as Financial Struggles Continue
Of the 95 hospitals on Arkansas Business’ list of the state’s largest, 38 reported a net loss, as reimbursements for services failed to keep pace with rising expenses. read more >
by Mark Friedman -
White River Health Revamps Finances After Violating Bond Covenant
The Batesville health care system was required to comply with certain restrictive covenants of its $32.5 million bond issued in 2020 to refinance debt. read more >
by Mark Friedman -
Baptist Health Battles UnitedHealthcare Over Reimbursement Rates
Baptist, the state’s largest health care provider, says it and other hospital groups have faced “unprecedented” costs to cover wages, supplies and pharmaceuticals since the pandemic, but has seen stingy reimbursement deals from insurers. read more >
by Mark Friedman -
Losing Money, Some Arkansas Hospitals Face Closure
As many hospitals struggle financially, the Arkansas Department of Human Services has proposed using $60 million of the state’s American Rescue Plan Act to help keep their doors open. read more >
by Mark Friedman -
As Hospital Pressures Mount, St. Vincent Faces $75M Loss
Across the country, hospitals and health systems saw negative operating margins in March, the third consecutive month that was the case. read more >
by Mark Friedman -
Omicron and UAMS’ Financial Prognosis
The University of Arkansas for Medical Sciences in Little Rock is unsure how the fast-moving omicron variant will affect its financial health for its current fiscal year. read more >
by Mark Friedman -
Government Aid Rescues Hospital Financials
Hospitals and medical centers in Arkansas benefited from government relief money last year to offset losses caused by COVID-19. read more >
by Mark Friedman -
Hospitals Remain Besieged by COVID-19
Arkansas hospitals are still losing millions of dollars to the COVID-19 pandemic, and executives say they can’t count on a second injection of federal stimulus money. read more >
by Mark Friedman -