California Protons in San Diego, which was as soon as related to the Scripps Well being hospital community, filed for chapter safety final 12 months. An deserted proton challenge in Dallas is in chapter as effectively.
In Virginia, the Hampton College Proton Remedy Institute has misplaced cash for not less than 5 straight years, monetary statements present. In Knoxville, Tenn., the Provision CARES Proton Remedy Middle misplaced $1.7 million final 12 months on income of $23 million, $5 million brief its goal.
Facilities in Somerset, N.J., and Oklahoma Metropolis run by privately held ProCure have defaulted on their money owed, in response to the funding agency Loop Capital. A middle related to Seattle Most cancers Care Alliance, a hospital consortium, in Washington State misplaced $19 million within the 2015 fiscal 12 months earlier than restructuring its debt, paperwork present. A middle close to Chicago misplaced tens of thousands and thousands of earlier than its personal restructuring as a part of a 2013 sale to hospitals now affiliated with Northwestern Medication, in response to regulatory paperwork.
Scott Warwick, government director of the Nationwide Affiliation for Proton Remedy, a commerce group, blames “over-exuberant expectations” for the issues.
“I believe perhaps that’s what went on with a number of the facilities,” he stated. “They thought the know-how would develop quicker than it has.”
The business is utilizing promoting and advertising to induce sufferers and lawmakers to press insurers to pay for proton remedy. Oklahoma not too long ago handed a regulation requiring that insurers consider the therapy on an equal foundation with different therapies. Virginia has thought-about related laws. On the Nationwide Proton Convention in Orlando final 12 months, a full day was dedicated to successful over insurers. The Alliance for Proton Remedy Entry, one other business group, has software program for producing letters to the editor demanding protection.
Till the insurance coverage outlook modifications, these growing new proton facilities have scaled again their ambitions. Georgetown’s unit, for instance, value $40 million and has a single therapy room. The one in Baltimore value $200 million and has 5.