August 28, 2023
With slowing revenue and patient volumes, hospitals faced another challenging financial month during July, according to the latest Kaufman Hall report.
The National Hospital Flash Report, released today, indicated that hospitals are still struggling to return to “normal” after the pandemic and shifting trends in care.
“It’s clear that today’s challenging financial environment is here to stay, and hospital leaders must be proactive in seeking out opportunities to refine their operations and remain competitive,” Erik Swanson, senior vice president of data and analytics, Kaufman Hall, said in a statement. “Collecting good data and feedback is essential for making timely, evidence-based process improvements.”
Here’s what you need to know:
HAP continues to call for support for Pennsylvania’s hospitals to ensure they can deliver outstanding care in their communities. The Kaufman Hall report includes data from 1,300 hospitals on a recurring monthly basis. It is available to review online.
Tags: Hospital Sustainability
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