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From Boom to Bust: Steward Health’s Financial Crisis
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The financial crisis at Steward Health Care is shaking up the Massachusetts healthcare system. Steward’s 9 Massachusetts hospitals with 16,000 employees serving 200,000 patients are in danger of closing. The company blames low reimbursement while critics cite the evils of private equity and for-profit ownership.
So, will the hospitals stay open in the short term? And will Massachusetts take the opportunity presented by this crisis to restructure its healthcare industry to improve access, lower costs, and align incentives?
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(04:02) The failure of the Stuart healthcare…
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