April 21, 2023
The rising cost of care is placing extraordinary financial pressure on hospitals, according to a new report from the American Hospital Association (AHA).
Released this week, the AHA report highlights the challenges hospitals are facing, with expenses outpacing reimbursement for care.
“Rising costs for drugs, supplies, and labor coupled with sicker patients, longer hospital stays, and government reimbursement rates that do not come close to covering the costs of caring for patients have created a dire situation for hospitals and health systems,” AHA President and CEO Rick Pollack said in a statement.
Among the key figures in the AHA report:
“As the hospital field continues to maintain its commitment to care in the face of these multiple challenges, it is time for policymakers to demonstrate their commitment to protecting the health and wellbeing of patients and communities by ensuring America has strong hospitals and health systems," the report notes.
The full report and one-page overview are available to review online.
Tags: Workforce | Access to Care | Federal Advocacy | Affordable Prescription Drugs | Hospital Sustainability
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