September 14, 2023- Healthcare providers nationwide continue to face a host of financial headwinds such as ongoing supply chain disruptions, staffing shortages and inflation. The unparalleled challenges while caring for millions of COVID-19 patients have only fueled these substantial increased costs required to care for patients – putting hospital’s financial steadiness at risk.
According to a recent report from Kaufman Hall, the median operating margin for hospitals was 0% in April, leaving hospitals with little to no financial flexibility. While many hospitals and health systems are taking steps to identify opportunities for savings, many are also under the impression that they have run out of options.
Read more in the latest issue of The Journal of Healthcare Contracting.