Non-profit hospitals should see generally improved financial performance in 2024, according to Moody’s Investor Services.
Driving improved performance, according to the rating company, will be increased reimbursement that outpaces rising labor costs; increased volume, especially in the delivery of higher-margin outpatient care; and improved Medicaid payments in some states. Also helping improve hospital financial performance will be better use of IT, more use of telehealth, improved workflow, and better use of external resources for improving revenue cycle management.
Learn more about what Moody’s sees ahead for non-profit hospitals in 2024 from the Fierce Healthcare article “Nonprofit hospital sector to stabilize in 2024 amid rising reimbursement, volumes, Moody’s predicts.”