• 5 health systems cutting physician salaries

    To help offset revenue losses attributed to the COVID-19 pandemic, many hospitals have implemented pay cuts for staff, including physicians.
  • Texas hospital suspends construction of $120M spine tower due to economic challenges

    Covenant Medical Center in Lubbock, Texas, is temporarily suspending construction of its six-story spine and orthopedic tower, according to a press release published by KCBD.
  • 42 hospitals closed, filed for bankruptcy this year

    From reimbursement landscape challenges to dwindling patient volumes, many factors lead hospitals to shut down or file for bankruptcy. At least 42 hospitals across the U.S. have closed or entered bankruptcy this year, and the financial challenges caused by the COVID-19 pandemic may force more hospitals to do the same in coming months. 

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