Becker's Healthcare March 27, 2024
Liquidity continues to be a problem for hospitals as they recover financially from the pandemic and inflation over the last four years, according to a new report from Synellis, part of Strata.
The March 22 report surveying the financial performance of 1,900 hospitals found days cash on hand is still down 25% year to date compared to 2022, which the report authors wrote reflects “a need for hospitals to rebuild these critical cash reserves to ensure greater stability for the long term.”
“The steep decrease versus two years ago highlights the continued financial uncertainties for the sector, as having lower cash reserves means hospitals are less prepared for unexpected emergencies or sudden market changes, such as natural disasters or mass...
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