Becker's Healthcare December 7, 2022
Hospitals and health systems, like ASCs, are being affected by rising labor and supply costs while reimbursements remain low.
Three major health systems have posted multibillion losses in either the third quarter or the first nine months of 2022.
1. Providence, a 51-hospital system headquartered in Renton, Wash., ended the first nine months of 2022 with an operating loss of $1.1 billion. The system said in a news release that its third quarter financial results showed the “ongoing impact of inflation, the national healthcare labor shortage, delayed reimbursement from payers, global supply chain disruptions and financial market weakness.”
2. Oakland, Calif.-based Kaiser Foundation Health Plan, Kaiser...