January 20, 2023
Nonprofit health systems and hospitals will take years to recover from the effects the pandemic has on their labor force, cash flow, and supplies. In fact, high labor and supply costs are adding unprecedented debt to hospitals leaving one health system reporting their debt as high as $6.34 billion in December 2022. However, 2023 is projected to relieve some of the strain on health system finances, but may be too little too late for many rural hospitals at risk of immediate closure and leaving other hospitals cutting services and workforce numbers. As healthcare leaders look to rein in spending while […]
