Accounting & Financial Management
Operating margins have been hit hard over the past year due to cost inflation, particularly staffing, finds Fitch.
The B2B arm of Amazon is targeting the 20% of hospital nonclinical spend.
Reining in the 20-25% of revenue that goes to nonmedical spend could save hospitals millions, says Brain White of LogicSource.
Almost 70% of those surveyed believe they can't afford health insurance, or think it's simply too expensive.
While labor expenses decreased somewhat, margins remained depressed throughout the year.
Data shows hospitals lost 2.47% of their workforce last year. RNs left at an alarming rate.
The ACA is seen as an alternative for Medicaid coverage as states begin the redetermination process starting April 1.
Hospital leaders can use digital transformation to cut costs, improve processes and gain efficiencies, says Tina Wheeler of Deloitte.
The bill extends for two years telehealth and hospital-at-home waivers put in place under the COVID-19 public health emergency.
Many health systems and hospitals nationwide are experiencing the worst year financially since the start of COVID-19, health system says.