Financial Management & Patient Outcomes in Healthcare
According to a report by Kaufman Hall, 2022 was the worst financial year for hospitals since the onset of the Covid-19 pandemic. Median monthly operating margins were in the red for 11 out of 12 months, and approximately half of all surveyed hospitals finished the year with a negative margin. Despite the figures improving in December, many experts predict that expense pressures will continue well into 2023.
