Advisory Board September 6, 2022

Many hospitals throughout the country are cutting back on services due to staff shortages, leading them to become “much more deliberate and nuanced about providing the right level of care in the right location,” Ginger Christ reports for Modern Healthcare’s “Transformation Hub.”

A difficult financial year for hospitals

According to research from the health care consultancy Kaufman Hall, 2022 has been the worst financial year for hospitals since the pandemic, with national operating margins at -0.98% in July, marking the seventh negative month in a row. In addition, the median change in operating margins compared to last year was -63.9%, Kaufman Hall found.

These losses have come from a combination of decreasing patient demand, the cost of hiring travel workers, and the end of...

Today's Sponsors

pCare
Institute for Healthcare Improvement
Crossover Health

Today's Sponsors

ZeOmega
Holon

Today's Sponsor

Premier

 
Topics: Health System / Hospital, Provider, Survey / Study, Trends
Hospitals improve in August, but stuck in red for 8th consecutive month
Hospitals struggle with margins
Chair File: Hospitals, Health Systems and the Quest for Quality
How health system CIOs are cutting costs, rethinking operational efficiency
9 health systems installing new EHR systems