Hospital Financial Woes Continue and Will Persist
The immediate financial future for many hospitals is bleak, according to a new study. The study, by the health care management consulting company Kaufman Hall, concludes that “Margins remain depressed relative to pre-pandemic levels.” “More than half of hospitals are projected to have negative margins through 2022.” “Expenses are significantly elevated from pre-pandemic levels.” “Hospitals have faced a profound financial toll.” “Ultimately, U.S. hospitals are likely to face billions of dollars in losses in 2022 under both optimistic and pessimistic." The study cites the COVID-19 pandemic and inflation among the leading causes of hospitals’ financial distress. Learn more from the [...]