March 01, 2023
U.S. hospitals continue to see higher labor expenses and lower patient volumes while adjusting to the ways COVID-19 has changed patient care.
The latest Kaufman Hall flash report indicates hospitals are facing a “new normal” as the “financial effects from the COVID-19 pandemic continue to linger.”
“The trends in increased drug spending and decreased patient volume are indicators of a new landscape in how patients are utilizing hospital services in their care experience,” said Erik Swanson, senior vice president of data and analytics with Kaufman Hall.
Here’s what you need to know:
HAP continues to advocate for the necessary resources to ensure Pennsylvania’s hospitals remain anchors within their communities. Learn more about the “perfect storm” of challenges Pennsylvania hospitals are facing.
The Kaufman Hall report draws on data from more than 900 hospitals and is available online.
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