STAT+: As they brace for bigger challenges, hospitals at JPM say they’re going ‘back to the basics’

STAT January 12, 2026
Tara Bannow

Less swagger, more promises of consistency at this year’s investor event

SAN FRANCISCO — At this swanky investor event in the heart of the financial district here, the country’s biggest nonprofit health systems usually talk up their money-making prowess and market share.

But at this year’s J.P. Morgan Healthcare Conference, held as hospitals stare down historic cuts to Medicaid, the leaders who spoke lacked their normal swagger. Their pitch to investors was decidedly measured,...

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