Latest news with #JacksonHospital&Clinic
Yahoo
22-04-2025
- Business
- Yahoo
Jackson Hospital introduces new community programs amid bankruptcy filings
Jackson Hospital & Clinic has been making moves to increase community outreach through new initiatives and programs, though news on the hospital's bankruptcy filings progress is scarce. The hospital's "The Stronger Together!" initiative, which the hospital says was "designed to strengthen hospital bonds with the community and demonstrate there is strength in unity," includes a series of events and activities focused on teamwork between hospital staff, community partners and donors. The first event was the "Clergy Faith & Fellowship Breakfast" on April 2, and the next "Stronger Together!" event is a showcase of unique services from different businesses in the area on May 15. Other new plans for community engagement include a future podcast that's focused on health education, as well as the hospital's 2025 Community Health Needs Assessment, which will gather and analyze data to identify the community's most pressing health needs. In addition to this initiative and new plans, the hospital has re-launched "Walk With A Doc," a program in which area residents can walk with physicians at the hospital on the fourth Friday of every month and receive guidance on health-related topics as they walk. More: No changes at Alabama airport after diverted Delta passengers were held on plane for hours The hospital has been in financial hot water as for the better part of the past year. After defaulting on $60 million in bonds back in September, the hospital has pursued several measures to get out of their financial chasm, including introducing new management to restructure operations and finances and asking the City of Montgomery City to give them a $20.5 million guarantee on a loan that they "need to take until a final solution is made, which would be a permanent financial restructuring" after similar talks with Montgomery County failed. More: Anti-censorship group raises money to help Alabama library after pause in state funding After attempts to secure the loan failed, the hospital has been pursuing Chapter 11 bankruptcy proceedings, and has been largely quiet since announcing these plans, aside from installing a new chief operating officer and chief information officer. 'We are making major strides in our restructuring, thanks in part to the support of all our allies,' said Jackson Hospital & Clinic CEO Ronald Dreskin in reference to the launch of the hospital's new programming. 'When we work together as a team, we can achieve the vision of a strong hospital partnering with our community to provide world-class, patient-focused care. And in the end, we all win.' Sarah Clifton covers business for the Montgomery Advertiser. You can reach her at sclifton@ or follow her on X @sarahgclifton This article originally appeared on Montgomery Advertiser: Jackson Hospital introduces new programs amid bankruptcy filings
Yahoo
04-03-2025
- Business
- Yahoo
Jackson Hospital announces new steps since filing for bankruptcy
Jackson Hospital & Clinic has announced some of its first steps since filing for Chapter 11 bankruptcy proceedings — new leadership in the form of a chief operating officer and chief information officer. Gina Anderson — who was previously the interim chief operating officer as well as chief nursing officer and vice president of patient care services at Jackson Hospital & Clinic — will be the hospital's permanent chief operating officer, and Maureen Gaffney will be the hospital's chief information officer. Anderson's role oversees all clinical operations for the hospital and "a wide array" of non-clinical operations, as well as developing long- and short-term plans during the hospital's restructuring. The hospital said this new leadership is critical to their "strategic planning for improved care delivery, technology-drive growth, and employee empowerment" as they continue restructuring. After defaulting on $60 million in bonds back in September — which came with S&P Global Ratings, a credit rating agency, lowering the hospital's rating to 'D,' indicating default, and CreditWatch removing the hospital's rating entirely — Jackson Hospital has been in financial dire straits. Their plan to get back on track included introducing a new interim CEO, Ronald Dreskin, and a chief restructuring officer, Allen Wilen, to rework their financing and daily operations in a way that is more efficient. More: Jackson Hospital files for Chapter 11 bankruptcy proceedings The hospital has since pursued several measures to keep itself afloat, including asking the City of Montgomery City to give them a $20.5 million guarantee on a loan that they "need to take until a final solution is made, which would be a permanent financial restructuring" after similar talks with Montgomery County failed. Wilen made it clear at the Jan. 31 Montgomery City Council meeting that the hospital's ability to remain open — even its ability to make its payroll for its employees this week — hinged on this loan. Despite this, the city council was not keen on accepting the conditions that Wilen laid out without further research and consultation with an attorney, which urged the hospital to file for Chapter 11 bankruptcy proceedings in early February. Sarah Clifton covers business for the Montgomery Advertiser. You can reach her at sclifton@ or follow her on X @sarahgclifton. This article originally appeared on Montgomery Advertiser: Jackson Hospital appoints new leadership amid restructuring Sign in to access your portfolio
