January 30, 2023
Hospitals faced their worst financial year of the pandemic, with elevated labor expenses contributing to negative margins that persisted for most of 2022.
The latest Kaufman Hall snapshot, released Monday, includes data from more than 900 hospitals. The report summarizes the ways COVID-19 has changed patient care and created new financial challenges for hospitals.
“The pandemic fueled a fundamental shift in how patients are choosing to access their routine care,” said Matthew Bates, managing director and physician enterprise service line lead with Kaufman Hall.
Here’s what you need to know:
HAP continues to advocate for additional resources to ensure Pennsylvania’s hospitals remain anchors within their communities. This includes providing education to state and federal leaders about hospitals’ financial strain and workforce challenges.
The Kaufman Hall report is available online.
Tags: Workforce | COVID-19
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