FCH files bankruptcy
Faith Community Hospital System (FCHS) filed for Chapter 9 bankruptcy on Saturday, but hospital officials say it will be business as usual for the hospital.
In a press release, filing bankruptcy will allow the hospital that provides FCHS with leverage against insurance companies that owe the hospital millions of dollars in unpaid health care claims.
“We assure the public that it is no closing and has no intention of closing,” the release stated. “It will be business as usual for FCHS.”
The release states that only insurance companies and a couple of large lenders will be affected. It will not affect vendors, patients, employees, or taxpayers. The release states there will be no interruption of services, or the quality and level of care for patients.
“This process will provide FCHS with the best pathway forward, positioning FCHS for continued future growth,” the release stated.
Board members voted Feb. 24 to approve the filing of Chapter 9 measures to protect the future of health care in the county and surrounding region while stopping legal disputes with insurance companies that owe the hospital for unpaid health care claims.
Becker Hospital Review stated the hospital owed Blue Cross Blue Shield more than $29 million.
“The FCHS Board of Directors is committed to providing high quality health care and services to our region, while operating in a cost-efficient manner,” the release stated.
Follow along with the Jacksboro Herald-Gazette as this story develops.