Becker's Healthcare August 5, 2024
More than four years have passed since COVID-19 first emerged in the United States, triggering a federal public health emergency that persisted until May 11, 2023. Yet, many hospitals are still grappling with the lingering effects of the pandemic.
The financial impact has been severe, with many hospitals facing devastating losses. Although average margins have shown some improvement in recent months, they remain significantly lower than pre-pandemic levels. According to Kaufman Hall, 40% of U.S. hospitals are still operating at a loss, and the disparity between the best and worst-performing hospitals is growing. In its June “National Hospital Flash Report,” the ratings firm revealed that top-performing hospitals reported margins around 30%, while the lowest performers were at -16.1%.
“There may...
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