Becker’s Hospital Review – Financial Management
37% of hospitals still losing money
Thirty-seven percent of U.S. hospitals are still losing money despite big initiatives to recover from the COVID-19 pandemic, according to reports.
Hospital and health system C-suites have been identifying ways to cut costs and become more productive, relying less on expensive contract labor and instead growing a talent pipeline from within. They’ve also incorporated digital technologies and artificial intelligence to support the workforce and become more efficient. But inflation and rising salaries have kept expenses high and reimbursement increases haven’t kept up.
