Becker's Healthcare October 3, 2023
Gardner, Mass.-based Heywood Healthcare has filed for Chapter 11 bankruptcy protection.
Here are four things ASCs need to know:
1. The independent health system, which consists of Heywood Hospital in Gardner, Athol (Mass.) Hospital, Heywood Medical Group and The Quabbin Retreat, cited workforce shortages, supply chain issues and low reimbursement rates as contributing to financial instability.
2. The hospital has also undergone an electronic medical record transition while managing aging infrastructure and a construction project, a new surgical pavilion set to open in April 2024.
3. “Heywood Hospital has stood independently for 116 years, while navigating national and local...
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