{"id":29050,"date":"2023-09-06T14:22:28","date_gmt":"2023-09-06T14:22:28","guid":{"rendered":"https:\/\/uarglobal.com\/pulsar\/?p=29050"},"modified":"2023-09-06T14:22:28","modified_gmt":"2023-09-06T14:22:28","slug":"the-current-state-of-hospital-finances-fall-2022-update","status":"publish","type":"post","link":"https:\/\/uarglobal.com\/pulsar\/the-current-state-of-hospital-finances-fall-2022-update\/","title":{"rendered":"The Current State of Hospital Finances: Fall 2022 Update"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 fusion-text-no-margin\" style=\"--awb-margin-bottom:0px;\"><p><strong>Source:<\/strong> <a href=\"https:\/\/www.aha.org\/guidesreports\/2022-09-15-current-state-hospital-finances-fall-2022-update\" target=\"_blank\" rel=\"noopener\">https:\/\/www.aha.org\/guidesreports\/2022-09-15-current-state-hospital-finances-fall-2022-update<\/a><\/p>\n<\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;border-color:var(--awb-color3);border-top-width:1px;\"><\/div><\/div><div class=\"fusion-text fusion-text-2\"><p>Since the onset of the COVID 19 pandemic in March 2020, our nation\u2019s hospitals and health systems have coped with intense pressure on staff and resources.<\/p>\n<p>As hospital executives, policymakers, and other stakeholders assess the current landscape, key findings about recent and projected future performance through the rest of 2022 include:<\/p>\n<ul>\n<li><strong>Margins remain depressed relative to pre-pandemic levels.<\/strong>\u00a0After a difficult first half of 2022, optimistic projections for the rest of the year indicate margins will be down 37% relative to pre-pandemic levels.<\/li>\n<li><strong>More than half of hospitals are projected to have negative margins through 2022.<\/strong>\u00a0Projections for the remainder of the year demonstrate an increase in hospitals with negative margins relative to pre-pandemic levels, to 53%.<\/li>\n<li><strong>Expenses are significantly elevated from pre-pandemic levels.<\/strong>\u00a0Expenses are projected to increase throughout the rest of 2022, leading to an increase of nearly $135 billion over 2021 levels. Labor expenses are projected to increase by $86 billion, while non-labor expenses are projected to increase by $49 billion.<\/li>\n<li><strong>Hospitals have faced a profound financial toll.<\/strong>\u00a0Hospitals have incurred serious losses in 2022 relative to pre-pandemic levels and future federal support is uncertain.<\/li>\n<\/ul>\n<p>Hospitals also are facing a host of other related challenges, including workforce shortages, supply disruptions, and rising expenses.<\/p>\n<p><strong>Ultimately, U.S. hospitals are likely to face billions of dollars in losses in 2022 under both optimistic and pessimistic models,<\/strong>\u00a0which would result in the most difficult year for hospitals and health systems since the beginning of the pandemic with no foreseeable federal support.<\/p>\n<p>These findings underscore the broad and serious threats America\u2019s hospitals have faced and continue to face in 2022 caring for their communities throughout unprecedented challenges.<\/p>\n<p><strong><em><a title=\"Click here to download the The Current State of Hospital Finances: Fall 2022 Update PDF.\" href=\"https:\/\/www.aha.org\/system\/files\/media\/file\/2022\/09\/The-Current-State-of-Hospital-Finances-Fall-2022-Update-KaufmanHall.pdf\" target=\"_blank\" rel=\"noopener\">Read the full report.<\/a><\/em><\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":28593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[274],"tags":[],"class_list":["post-29050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/posts\/29050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/comments?post=29050"}],"version-history":[{"count":1,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/posts\/29050\/revisions"}],"predecessor-version":[{"id":29051,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/posts\/29050\/revisions\/29051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/media\/28593"}],"wp:attachment":[{"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/media?parent=29050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/categories?post=29050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uarglobal.com\/pulsar\/wp-json\/wp\/v2\/tags?post=29050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}