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Stat: In Rural Tennessee, A Hospital Turns To Crowdfunding To Stay Afloat
In the southeast corner of Tennessee, one rural hospital has fallen into such dire financial straits it suspended inpatient services earlier this month. Now, the new CEO of the Copper Basin Medical Center has launched a GoFundMe campaign to save the hospital…The campaign seeks to raise just $100,000. That’s just a fraction of its debt — and it’s nothing in the world of online crowdfunding; the team behind an extra-heavy blanket marketed as a treatment for anxiety recently raised more than $3.5 million. (Blau, 5/18)