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Hospitals entered 2023 on more stable footing, following the worst financial year since the start of the pandemic. However, they still face a range of persistent challenges, including higher labor expenses, lower patient volumes, and a fundamental shift in where patients access care services.

Last year was the worst financial year for hospitals and health systems since the start of the COVID-19 pandemic, according to the latest data from Kaufman Hall.

America's providers are more productive and seeing more patients than ever—particularly in primary care settings—resulting in an increase in revenue in the last quarter of 2022. However, increased expenses outweighed improved revenue.

When the nation is unprepared for catastrophic public health emergencies, the consequences are as real as they can get. As we saw with COVID-19, many people died while the country’s public health apparatus struggled to catch up, and America’s hospitals, jumped into the breach.

Just a few months remain in what is shaping up to be one of the worst financial years on record for hospitals. Expense pressures—particularly with the cost of labor—outpaced revenues...

Just a few months remain in what is shaping up to be one of the worst financial years for hospitals. Hospitals faced decreasing revenues and treated sicker patients. Hospitals did...

Physician practices continued a trend of increased productivity in the third quarter of 2022. However, despite higher volumes and increased productivity, investments/subsidies increased...

Since the start of the COVID 19 pandemic in March 2020, Texas hospitals and health systems have taken unprecedented steps to care for their communities amid intense pressure on staff and resources.

Organizations that pursue consumer strategies and value-based approaches together will be much more likely to achieve their goals while increasing their ability to effectively compete against new industry entrants.

The pandemic has both accelerated and intensified the pressures hospitals and health systems face. Organizations that focus on “no regrets” decision-making will help ensure their viability in the short term and their options in the long term.

U.S. hospitals and health systems are experiencing some of the worst margins since the beginning of the pandemic, and they lack the federal funds to offset the damage. The gains hospitals saw in recent months reversed themselves in July, as lagging outpatient volumes shrunk revenues and expenses jumped up from June.

COVID-19 continued to place a heavy financial burden on California’s hospitals through the second year of the pandemic, as they experienced financial losses of nearly $6 billion in 2021, more than triple previous projections.