Advisory Board September 28, 2022
Amid “some of the worst” margins since the beginning of the pandemic, many hospitals and health systems around the United States have been forced to lay off workers, limit services, and even shut down, Dave Muoio writes for Fierce Healthcare.
How Covid-19 impacts facilities
Background
In 2022, providers were forced to hire contract workers to address the nursing shortage, paying much higher rates than those before the pandemic.
While those costs seem to be growing more stable each month, “many hospitals’ depleted budgets are now having to contend with economywide wage and supply cost increases at a time when high-profit volumes (such as surgeries) are still recovering from pandemic disruptions,” Muoio writes.
According to Kaufman Hall’s National Hospital Flash Report,...
Today's Sponsors
Today's Sponsor