Since the onset of the COVID-19 pandemic in March 2020, our nation’s hospitals and health systems have coped with intense pressure on staff and resources. As hospital executives, policymakers, and other stakeholders assess the current landscape, this report includes key findings about recent and projected future hospital performance through the rest of 2022 on topics including:

  • Margins relative to pre-pandemic levels – and the outlook through the remainder of 2022
  • Expenses relative to pre-pandemic levels
  • The overall financial toll hospitals are facing

These findings underscore the broad and serious threats America’s hospitals have faced—and continue to face in 2022—caring for their communities throughout unprecedented challenges.

This report was prepared at the request of the American Hospital Association.