Becker's Healthcare August 1, 2024
Large health systems have started to report profits and stronger margins in the last 18 months after pandemic disruptions. Firms such as Kaufman Hall and Strata have also reported nonprofit hospital margins ticking up.
But that doesn’t mean hospitals have an abundance of cash.
“One of the most pervasive myths I encounter is about healthcare margins,” said Craig Kent, MD, CEO of UVA Health and executive vice president of health affairs at the University of Virginia in Charlottesville. “It seems people outside the healthcare industry and even our own team members believe healthcare systems are making significant margins and have plenty of cash. In reality, our health system margins are thin, if they exist at all.”
People hear healthcare is...
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