STAT+: For-profit health system’s Mass. hospitals teetering on the brink of financial disaster
For-profit health system Steward Health Care's Massachusetts hospitals are teetering on the brink of financial disaster. Health care executives say it’s just the tip of the iceberg.
Steward Health Care’s Massachusetts hospitals are on the brink of financial disaster. But in many important ways, Steward’s troubles are just a symptom of a larger crisis engulfing the entire industry.
While Steward’s for-profit ownership structure put its hospitals at a disadvantage, many health care executives say the state’s entire network of hospitals is approaching a capacity shortage not seen since the early days of the Covid-19 pandemic.
Industry leaders are calling for urgent action from the Healey administration and the Legislature to help stem the crisis. Even just simplifying the state regulatory bureaucracy and approvals for bringing uninsured patients into the MassHealth system would help, executives say.
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