Here are four other things to know about the bankruptcy filing:
1. According to the Nov. 23 filing, the hospital has between $1 million and $10 million in assets, owes around $1 million to $10 million and has 50 to 99 creditors.
2. Medicare funding for the hospital ended Nov. 24, but payment will continue for patients admitted before Nov. 24 for up to 30 days, according to a Nov. 8 CMS notice.
3. There will be two phases of layoffs at the hospital. The first laid off 186 employees on Nov. 16 and 62 more will be laid off Dec. 20.
4. The hospital says that the Medicare fund exclusion is temporary and should last less than six months. According to the Nov. 15 WARN notice, the layoffs are also not expected to be a permanent solution.
Pontiac General Hospital did not immediately respond to Becker’s request for comment.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.