Becker's Healthcare August 15, 2024
Children’s hospitals’ operating environment continues to present challenges because of increased labor costs and year-to-year fluctuations from respiratory virus cases.
Despite a positive median operating margin for the sector, profitability is at its lowest level in 10 years, with no easy levers to pull to help generate a “v-shaped” recovery, Fitch Ratings said in an Aug. 14 report shared with Becker’s.
“While children’s hospitals did not encounter the same operational challenges initially faced by adult hospital peers during the pandemic, the elevated labor expenses faced by the industry are an unavoidable reality that providers will have to continue to face through creative solutions, as rate increases will not make up the gap on their own,” said Richard Park,...
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