Workweek March 16, 2023
Today we’re diving into recent nonprofit hospital financial results, the new normal for hospitals, and what that might mean for health tech operators.
KEY TAKEAWAYS – THE NEW NORMAL
Hospitals are struggling in 2023. Financial and operating data from recent nonprofit financial disclosures, Kaufman Hall, and state hospital associations support this claim.
As these struggles continue, hospitals will merge, partner, outsource, and do whatever they can to diversify revenue while containing expenses.
The acute pressures (ha) hospitals are facing present growth opportunities for health tech firms that offer solutions with clear ROI potential for hospitals – e.g., staffing and labor retention, scheduling tools, workflow tools, burnout prevention, length of stay management, those that can help with new forms of revenue...