Becker's Healthcare January 2, 2025
Becker’s reported on about 30 physician practice and ASC closures in 2024. Here are some of the top reasons that facilities shut their doors in the last year:
1. Financial strain. Many practice closures in 2024 were due to financial pressure. The Children’s Medical Center Martinsville (Va.) closed Jan. 1 after 55 years of practice, citing “unavoidable financial hardship,” for example.
Pueblo, Colo.-based Rocky Mountain Eye Center filed for bankruptcy in June, which impacted six facilities, 77 employees and 25,450 patients the clinics served yearly. The center was one of several that specifically attributed its closure to ongoing financial struggles in the wake of the COVID-19 pandemic.
The Portland (Ore.) Clinic also closed after 40 years in...
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