Financial Management
The White House today released additional details related to President Biden’s budget request for fiscal year 2024. The main budget documents were released March 9 — today’s request provides more granular detail and historical information.
Contract labor expenses for hospitals and health systems surged 258% from 2019 to 2022 as nationwide labor shortages forced many to rely on contract staffing firms to meet patient demand, according to an analysis of 2022 data from over 1,000 hospitals and health systems by AHA and Syntellis.
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 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.