Chief Healthcare Executive November 27, 2024
A survey of the state’s hospitals finds many are still facing significant financial headwinds, including higher labor and supply costs.
Hospitals in the state of New York continue to face financial difficulties.
Three out of four New York hospitals say they don’t have sufficient margins enabling their organizations to invest properly in patient care, according to a survey by the state’s hospital trade groups released last week.
In addition, New York’s hospitals project that the statewide median operating margin for 2024 will be 0.0%. Half of New York’s hospitals have negative operating margins, according to the survey.
The findings come from an annual survey of New York hospitals by the Healthcare Association of New York State, Greater New York Hospital...
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