Carepoint Health Financial Problems

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State calls on CarePoint Health to come up with disaster …

(Just Now) WEBCarePoint Health is being called out by the New Jersey Department of Health. Financial problems within the three hospitals that make up the system have the state demanding a disaster plan be

https://newjersey.news12.com/state-calls-on-carepoint-health-to-come-up-with-disaster-plan-in-case-of-closures

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‘Disaster plan’ ordered for Bayonne, Hoboken, CarePoint …

(7 days ago) WEBAerial view of CarePoint Health Bayonne Medical Center, Monday, April 4, 2022. Sources close to the hospital system said that while this indicates CarePoint’s …

https://www.silive.com/news/2024/02/disaster-plan-ordered-for-bayonne-hoboken-carepoint-hospitals-citing-fear-of-abrupt-closure-and-significant-financial-distress.html

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Cash-strapped CarePoint Health facing another creditor …

(5 days ago) WEBA medical device vendor, Centinel Spine, also filed a lawsuit, saying CarePoint owes it $132,042 for purchases made between September 2022 and May …

https://www.nj.com/hudson/2024/02/cash-strapped-carepoint-health-facing-another-creditor-lawsuit-this-one-for-51-million.html

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CarePoint Health Financial Crisis and State's Disaster Plan

(5 days ago) WEBThe financial instability of CarePoint Health raises concerns about access to healthcare services in Hudson County, especially for the most vulnerable populations, …

https://hudsonreporter.com/hoboken-news/carepoint-healths-financial-distress-and-disaster-plan/

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CarePoint Health says its doesn’t have missing federal …

(Just Now) WEBCarePoint Health System, the nonprofit that owns and operates three hospitals in Hudson County, says it wasn’t involved in suspicious transactions that …

https://www.nj.com/hudson/2023/04/carepoint-health-says-its-doesnt-have-missing-federal-funds-seeks-reimbursement-from-county.html

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CarePoint Hospitals require financial intervention, …

(9 days ago) WEBNew Jersey legislators told the governor they want CarePoint finances and transactions watched, in light of allegations of financial irregularities. Aggressive action is needed to assure the …

https://www.healthcarefinancenews.com/news/carepoint-hospitals-require-financial-intervention-legislators-say

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Health officials raise red flag over finances of Hoboken hospital

(6 days ago) WEBThe system recently filed audited financial forms for 2020 and 2021, which the Health Department letter notes were delayed “due to internal issues” with their …

https://www.njspotlightnews.org/2023/11/nj-health-officials-concerned-finances-hoboken-hospital/

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State calls on CarePoint Health to come up with disaster plan in …

(8 days ago) WEBOne reason cited for financial shortfalls is a high number of charity care, Medicaid and homeless patients. Since the start of the COVID-19 pandemic, CarePoint …

https://newyork.news12.com/state-calls-on-carepoint-health-to-come-up-with-disaster-plan-in-case-of-closures

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State: Hoboken University Medical Center in financial …

(6 days ago) WEBThe state Department of Health has warned city and state officials that Hoboken University Medical Center (HUMC) is in financial distress, and noted that …

https://www.nj.com/hudson/2023/10/state-official-hoboken-university-medical-center-in-financial-distress-other-carepoint-hospitals-have-concerning-data.html

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CarePoint Health Seeks State Funding and Pursues Merger Amid …

(Just Now) WEBAs a leading healthcare system serving Hudson County, New Jersey, CarePoint Health is facing significant financial challenges. The health system has …

https://medriva.com/health/healthcare/carepoint-health-seeks-state-funding-and-pursues-merger-amid-financial-challenges/

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New Jersey Hospital System CarePoint Health Taps Insight to …

(2 days ago) WEBMarch 28, 2024 at 12:21 PM PDT. A Michigan company that rescued a bankrupt Chicago hospital has stepped in to run operations at CarePoint Health, the long-troubled system …

https://www.bloomberg.com/news/articles/2024-03-27/troubled-nj-hospital-chain-carepoint-taps-insight-to-stabilize-finances

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NJ DOH sent financial monitor notice about CarePoint's 3 …

(5 days ago) WEB4. The New Jersey Department of Health sent a financial monitor notice regarding CarePoint Health’s three hospitals on Friday, the same day a planned merger …

https://hudsoncountyview.com/nj-doh-sent-financial-monitor-notice-about-carepoints-3-hospitals-on-friday/

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'Safety-nets also need a safety net': CarePoint CEO targets …

(Just Now) WEBCarePoint Health's CEO is seeking $130M in state funding and is pursuing a merger to help improve its financial footing and continue to provide critical care services at its …

https://www.beckershospitalreview.com/finance/safety-nets-also-need-safety-net-carepoint-ceo-targets-financial-sustainability.html

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CarePoint sale could be on the cards after department of health …

(5 days ago) WEBEmail. The New Jersey Department of Health is backing CarePoint Health's plan to maintain the nonprofit status of its three hospitals, indicating that the state health …

https://www.beckershospitalreview.com/hospital-transactions-and-valuation/carepoint-sale-could-be-on-the-cards-after-department-of-health-backs-nonprofit-status.html

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NJDOH has 'high concern with respect to financial distress' at …

(7 days ago) WEBBy John Heinis/Hudson County View. New Jersey Deputy Health Commissioner Robin Ford said in the October 20th letter that based on the NJDOH’s …

https://hudsoncountyview.com/njdoh-has-high-concern-with-respect-to-financial-distress-at-hoboken-hospital/

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CarePoint Health Collaborates with Insight to Stabilize Finances

(3 days ago) WEB4/30/2024. CarePoint Health System, a nonprofit hospital system that operates three hospitals in Hudson County New Jersey, has confirmed that it is collaborating with …

https://www.bracheichler.com/insights/carepoint-health-collaborates-with-insight-to-stabilize-finances/

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Three Hudson County hospitals facing financial failure - PBS

(4 days ago) WEBCarePoint’s three hospitals in Hudson County are ailing financially. A state monitor recently reported that Christ Hospital in Jersey City, Bayonne Medical Center …

https://www.pbs.org/video/carepoint-health-1707853527/

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Three Hudson County hospitals facing financial failure

(3 days ago) WEBCarePoint’s three hospitals in Hudson County are ailing financially. A state monitor recently reported that Christ Hospital in Jersey City, Bayonne Medical Center …

https://www.njspotlightnews.org/video/three-hudson-county-hospitals-facing-financial-failure/

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CarePoint Health Mission Statements and Overview - Hudson …

(8 days ago) WEBCarePoint Health - Hudson Hospial Financial Statement Schedules Part VIII DRAFT - Statement of Revenue (in thousands) Dec. 31 2019 Dec. 31, 2020 Program Service …

https://carepointhealth.org/wp-content/uploads/2022/01/CarePoint-2020-Hudson-Hospital-2020-Financial-Statement-and-Schedules.pdf

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CarePoint Health Mission Statements and Overview - Hudson …

(1 days ago) WEBCarePoint Health - Hudson Hospial Financial Statement Schedules Part VIII DRAFT - Statement of Revenue (in thousands) Dec. 31, 2021 Dec. 31, 2022 Program Service …

https://carepointhealth.org/wp-content/uploads/2024/01/CarePoint-Health-Hudson-Hospital-2022-Financial-Statements-and-Schedules.pdf

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Bayonne Medical Center - CarePoint Health

(8 days ago) WEBCarePoint Health Mission Statements and Overview - Bayonne Medical Center CarePoint Health - Bayonne Medical Center Financial Statement Schedules Part VIII …

https://carepointhealth.org/wp-content/uploads/2022/01/CarePoint-Health-Bayonne-Medical-Center-2020-Financial-Statements-and-Schedules.pdf

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CarePoint Health saga takes new twist: RWJBarnabas, Hudson …

(2 days ago) WEBRWJBarnabas Health and Hudson Regional Hospital are in talks about a joint bid to rescue the cash-starved CarePoint Health network, whose financial woes …

https://www.nj.com/hudson/2024/05/carepoint-health-saga-takes-new-twist-rwjbarnabas-hudson-regional-hospital-in-talks.html

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Hospitals Face Financial Pressures as Costs of Caring Continue to …

(Just Now) WEBHospitals’ labor costs, which on average account for 60% of a hospital’s budget, increased by more than $42.5 billion between 2021 and 2023. Economy-wide …

https://www.aha.org/news/perspective/2024-05-10-hospitals-face-financial-pressures-costs-caring-continue-surge

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Why one New York health system stopped suing its patients

(8 days ago) WEBWhy one New York health system stopped suing its patients. Noam Levey May 14, 2024. Heard on: Nationally, nearly half of adults are unable to cover a $500 …

https://www.marketplace.org/2024/05/14/new-york-health-system-stopped-suing-patients-medical-debt/

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Bankrupt Steward Health puts its hospitals up for sale, discloses $9

(2 days ago) WEBBankrupt Steward Health Care has put all of its 31 US hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total …

https://www.cnn.com/2024/05/07/business/steward-health-puts-hospitals-up-for-sale/index.html

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Steward Health Files Chapter 11 After Medical Properties Deal

(2 days ago) WEBIn January, Medical Properties provided Steward Health with a $60 million bridge loan and deferred some of its rent arrears. Medical Properties fell as much as …

https://www.bloomberg.com/news/articles/2024-05-06/steward-health-files-chapter-11-after-medical-properties-deal

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Steward Health Care bankruptcy leaves 8 Mass. hospitals in limbo

(7 days ago) WEBSteward Health Care, which once trumpeted its community hospital system as an accessible low-cost alternative to Boston’s medical goliaths, filed for bankruptcy …

https://www.bostonglobe.com/2024/05/06/business/steward-bankruptcy/

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‘In dire need’: CarePoint urges state to find $130 million for

(2 days ago) WEBCarePoint Health officials say of the $700 million in American Rescue Plan (ARP) funds distributed to New Jersey hospitals, they have received just $10 million.

https://www.nj.com/hudson/2023/12/in-dire-need-carepoint-urges-state-to-find-130-million-for-hospitals-in-bayonne-jersey-city-and-hoboken.html

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Financial coach: Why an HSA is at least 17% better than a 401(k)

(4 days ago) WEBThis retirement savings account is at least 17% better than a 401 (k), says expert: It’s ‘a complete cheat code’. You’ll soon be able to contribute much more money …

https://www.cnbc.com/2023/05/24/financial-coach-why-an-hsa-is-at-least-17percent-better-than-a-401k.html

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Steward Health Care says it is selling the 30+ hospitals it operates

(7 days ago) WEBUpdated 12:20 PM PDT, May 8, 2024. Steward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection. The Dallas …

https://apnews.com/article/steward-hospital-bankruptcy-264edc6309f7b9eaa309c4113211ce30

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CVS Risks Losing 10% of Medicare Members in Push for Profits

(Just Now) WEB1:06. CVS Health Corp. may lose a big chunk of members in its Aetna Medicare Advantage plans next year as the insurer attempts to boost profits in its …

https://www.bloomberg.com/news/articles/2024-05-14/cvs-risks-losing-10-of-medicare-members-in-push-for-profits

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Students feel under-supported by colleges in FAFSA delays

(Just Now) WEBAddressing the gaps: One-third of students say their college has communicated somewhat or very poorly with them about the new requirements (33 …

https://www.insidehighered.com/news/student-success/health-wellness/2024/05/16/students-feel-under-supported-colleges-fafsa-delays

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