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V O L . X X X I N O. X V J U LY 1 4 , 2 0 2 5 12 H E A LT H C A R E / W E L L N E S S F O C U S M aine hospitals are struggling with crippling costs, plummeting revenues and aging infrastructure, resulting in reduced services, delayed critical investments and stretched resources. at was the conclusion of a financial analysis of the state's nonprofit hospitals' finances, released earlier this year by Augusta nonprofit Maine Hospital Association. "e findings of this study confirm what Maine hospitals have been experiencing firsthand — a growing financial crisis that threatens their ability to provide care to our communities," Steven Michaud, the association's president, has said. Problems are being addressed by individual hos- pitals and hospital systems trying to figure out how to provide the right amount of services and preserve access to care without going broke. "All of our members are actively doing that on their own," says Michaud. Further cutbacks can be expected. "We're hoping there will be no further hospi- tal closures," he says. "But that is far from certain. What is certain are more service cutbacks. ere's really not a lot of options. If you've got to stop the losses, something's got to give." P H O T O / T I M G R E E N WAY Steven Michaud, president of the Maine Hospital Association, says hospitals struggling with crippling costs, plummeting revenues and aging infrastructure are trying to figure out how to provide the right amount of services and preserve access to care without going broke. There's really not a lot of options. If you've got to stop the losses, something's got to give. — Steven Michaud Maine Hospital Association HOSPITAL ILLS Restructuring, partnerships and facility upgrades in the works amid growing financial crisis B y L a u r i e S c h r e i b e r

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