The healthcare market has been in consistent flux for the last decade, and has been especially tumultuous since the Covid-19 pandemic.
The state of the healthcare sector has been in consistent flux for the last decade, and has been especially tumultuous since the Covid-19 pandemic. Though healthcare has historically been perceived as an “always in-demand” industry, the reality is that healthcare organizations have been equally impacted by razor thin margins, challenging workforce constraints and the results of oscillating economic headwinds.
This has resulted in numerous healthcare organizations having to undergo significant restructuring processes to optimize their processes, or worse, completely shutter their operations. Take for example Envision Healthcare, which was long known to be one of the most successful national medical groups. At its prime, Envision’s services accounted for nearly 29 million patient encounters across 830 service locations, with nearly 17,000 physicians under its umbrella. Earlier this year, the company formallythat it would be pursuing restructuring and Chapter 11 Bankruptcy proceedings, given mounting financial pressures and corresponding losses.
Late last week, yet another healthcare giant was reported to be preparing for bankruptcy filings: Rite Aid Corporation. According to news
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