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Erik Swanson

Banking & Finance / Health Care

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 >
Banking & Finance / Health Care / Industry

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 >
Health Care / Industry / Insurance

Baptist Health Battles UnitedHealthcare Over Reimbursement RatesLock Icon

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 >
Government & Politics / Health Care / Insurance

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 >
CHI St. Vincent in Little Rock
Health Care

As Hospital Pressures Mount, St. Vincent Faces $75M LossLock Icon

Across the country, hospitals and health systems saw negative operating margins in March, the third consecutive month that was the case. read more >
Amanda George is the chief financial officer for the University of Arkansas for Medical Sciences.
Business Services / Construction / Education

Omicron and UAMS’ Financial PrognosisLock Icon

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 >
UAMS Medical Center in central Little Rock.
Government & Politics / Health Care / Insurance

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 >
Baptist Health, which has 11 hospitals in Arkansas, saw its patient revenue fall nearly 5% to $666.3 million in the first half of the year compared with the same period a year ago.
Government & Politics / Health Care / Insurance

Hospitals Remain Besieged by COVID-19Lock Icon

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 >