Capital Finance
New charity organization will offer no- and low-cost consulting services to troubled community hospitals.
Company said they feared consumer backlash, further financial harm if refunds were not allowed, Dallas News said.
Hospital, system leaders need to be prepared for these types of costs and gauge short, long-term financial goals accordingly.
Company has been on downward financial slope for months, cites dropping patient admissions as cause.
Expense growth and charges tied to broad EHR installations hurt the company's bottom line, despite revenue gains.
During their May earnings call, CHS reported a net loss of $199 million, compared with 2016 net income of $11 million.
Hospital will now be known as NYU Langone Hospital-Brooklyn, the system announced.
Model allows a system to expand their presence without making major capital commitments, or having to locate huge parcels of land.
Jon M. Huntsman also announced a $120 million commitment from the Huntsman family and Huntsman Cancer Foundation to HCI, the system said.
The evolving industry rewards hospitals that have done their due diligence before even seeking a policy, experts say.