HealthLeaders Media December 21, 2021
The pandemic and growing staffing crisis are impacting a number of key financial areas in healthcare, possibly forcing a reevaluation of the care that hospitals can provide.
KEY TAKEAWAYS
– Staffing shortages are driving up payroll burdens, as hospitals pay excessive overtime and hire ‘traveler’ workers.
– Revenues are on the decline for many healthcare systems, making it difficult to maintain growth strategies.
– Payer reimbursement rates aren’t keeping pace with inflation, forcing many hospitals to cut services in order to cope.
Editor’s note: This article is part two of a two-part series about 2022 healthcare finance trends. Read part one.
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