Renaissance Women's Hospital of Edmond (Okla.) was slated for closure on Sept. 30 by its owner, Universal Health Services, King of Prussia, Pa., said Steve Powell, chief executive officer of the 14-bed hospital. During the last six to eight months, the hospital has gone from positive to negative cash flow and it doesn't appear anything can be done to reverse that change, Powell said. He declined to say how big the losses have been, but said the hospital was hurt by flat reimbursement rates from health plans, rising costs to provide care, the traditional slim margins found in women's health, and rises in professional liability insurance costs. A group of physicians are considering purchasing the 9-year-old hospital or trying to arrange for another organization to buy it, according to Powell. Roughly 105 people are employed directly and indirectly by the hospital, and they have been given incentives to stay until the September closing date, he said. -- by Paul Barr
Closure planned for Okla. women's hospital
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