A protracted-term care and rehabilitation hospital intends to close down on account of multi-million-dollar losses, making Stoughton the newest neighborhood to lose a well being care facility as a part of a rising pattern all through the commonwealth.
Dallas-based Steward Health Care, which describes itself as the biggest proprietor of community-based hospitals in Massachusetts and fourth greatest personal employer, plans to shut its New England Sinai Acute Long-Term Care and Rehabilitation Hospital (NESH) by early April.
“Nearly 75% of Steward hospital patients are public pay (Medicare and Medicaid) which chronically underpay, sometimes at rates less than the cost of delivering services,” Steward stated in a press launch this week. “As a result of these chronic low reimbursement rates, Steward has lost $22 million from NESH operations and cannot afford to keep the facility open. Unlike ‘non-profit’ systems, Steward does not have a multibillion-dollar investment portfolio to fall back on.”
The hospital plans to submit its formal 90-day discover of the closure, which is required below state regulation, on or round Jan. 3.
Delta expects sturdy Christmas journey
After seeing file income over Thanksgiving, Delta Air Lines expects one other busy vacation interval over the year-end holidays and Christmas, because it targets prospects with loads of disposable revenue to spend on journey.
“Christmas is shaping up to be a very, very strong close to the year,” Delta President Glen Hauenstein stated Wednesday throughout an investor convention in New York.
The busy December vacation journey interval begins in lower than two weeks, and trade consultants say demand has been sturdy for each home and worldwide journey.
Delta additionally stated it’s already seeing sturdy demand for trans-Atlantic flights into 2024.