From Boom to Bust: Steward Health’s Financial Crisis

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?

TOPICS
(04:02) The failure of the Stuart healthcare system in Massachusetts
(07:50) The Difference Between For-Profit and Not-For-Profit Hospitals
(11:23) The struggles of community-based hospitals in managing patient care
(14:34) Redeploying Hospital Expenses to Primary Care
(18:18) The Future of Community Hospitals

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CareTalk is a weekly podcast that provides an incisive, no B.S. view of the US healthcare industry. Join co-hosts John Driscoll (President U.S. Healthcare and EVP, Walgreens Boots Alliance) and David Williams (President, Health Business Group) as they debate the latest in US healthcare news, business and policy.

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