Financial Management
The U.S. District Court for the District of Connecticut yesterday largely dismissed a lawsuit alleging that Yale New Haven Hospital violated its fiduciary duties by selecting a retirement plan with excessive fees or poorly performing investments. The court allowed certain ancillary claims related…
Hospitals continue to experience the same challenges that made 2022 the worst financial year since the start of the COVID-19 pandemic, including higher labor expenses and lower patient volumes, according to the latest report on hospital finances from Kaufman Hall. Hospital operating margins fell…
Even as signs indicate that inflation is slowing, a recent consumer survey conducted by Deloitte indicates that 28% of Americans, or roughly 72 million adults, feel less prepared to pay for medical costs than they did last year.
A recent Wall Street Journal article on hospital divestitures and closures “fails to acknowledge the critical roles that low government reimbursement, population shifts and old infrastructure play” when nonprofit health care systems make access decisions, AHA President and CEO Rick Pollack writes…
High inflation and labor shortages, as well as sicker patients who require complex care, and low reimbursement rates combined with continued fallout from a global pandemic have created an unsustainable financial situation for hospitals and health systems around the country. Many face a devastating…
A series in the New York Times entitled “profits over patients” has presented a flawed narrative of America’s hospitals — specifically not-for-profit health systems. The
The American Hospital Association (AHA) today released a new report on delays in hospitals’ ability to discharge patients to the most appropriate care setting and the negative consequences these delays are having on patients and the hospitals that care for them.
Patients requiring additional care after a hospitalization — such as skilled nursing, behavioral health or therapy-at-home — face growing delays in accessing that care. Delays in discharges as patients move through the continuum of care can cause harm to patients’ health outcomes and can impact…
Significant workforce shortages at facilities, such as those in post-acute and behavioral health, is making it more difficult for hospitals to efficiently and appropriately discharge patients. Hospitals have to bear the costs of caring for patients for those excess days without any reimbursement.
Hospital and health system leaders can register for a Dec. 6 AHA Advocacy Day event in Washington, D.C. The in-person event will take place from 10 a.m. to noon ET. Attendees also can participate in a networking event on Monday evening, Dec. 5.