Healthcare DIVE January 17, 2023
Amidst rising inflation, workforce shortages and sharp fluctuations in the demand for high-margin elective procedures, today’s healthcare organizations are facing financial pressures that are nearly unprecedented in scope. 2022 was the most financially difficult year for hospitals, health systems and physician practices since the beginning of the COVID-19 pandemic, with data from the American Hospital Association showing that more than two-thirds of hospitals will report operating losses for 2022. Hospitals’ total operating expenses increased by $135 billion over the past year and a record-breaking number of rural hospitals shut down service lines or closed entirely.
The extent of these challenges is so great that it threatens access to care and services for many populations. With the U.S. unemployment rate still...
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