September 15, 2022
U.S. hospitals face billions in elevated expenses and an uncertain financial outlook, as the staggering financial toll of the pandemic only intensified during 2022.
A new report released today from the American Hospital Association (AHA) highlights the financial challenges hospitals are facing due to COVID-19 and inflation. The AHA report, prepared by Kaufman, Hall & Associates, LLC, serves as a call to action to support hospitals and protect access to care.
“Ultimately, U.S. hospitals are likely to face billions of dollars in losses in 2022 under both optimistic and pessimistic models, which would result in the most difficult year for hospitals and health systems since the beginning of the pandemic with no foreseeable federal support,” the report said.
With the release of the report, the AHA hosted a media briefing today with Jack Lynch, president and CEO of Main Line Health; Michael Slubowski, president and CEO of Trinity Health based in Michigan; and Peggy Abbott, CEO of Ouachita County Medical Center in Arkansas. The health care leaders emphasized the importance of supporting hospitals during this difficult time.
Among the key takeaways from the report:
With the release of the report, the AHA is highlighting its fall priorities to support hospitals dealing with these difficult challenges.
The AHA report is available to review online.
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