Financial Management
Emerging research has confirmed what hospitals and health systems have been saying again and again and again 鈥 that 2022 was among the most financially challenging year the hospital field has experienced, and that recovery remains challenging.
July saw the continued worsening of hospitals鈥 finances, according to a new Kaufman Hall report.
Health care leaders are finding new ways to strengthen performance through innovative approaches, while improving care, quality and patient safety. In this conversation hear how Johns Hopkins is using innovation to ensure long-term financial stability while managing day-to-day struggles. This鈥
How to plan, execute and accelerate redesigned health care dominated discussions at the recent AHA Leadership Summit in Seattle, as hospital and health system leaders, retail care providers, innovators and entrepreneurs came together to assess what鈥檚 next for the field.
鈥淪ome analyses seem to suggest that anything above a zero percent margin is inherently bad, as though the operating goal of hospitals and health systems should be to incur financial losses,鈥 write AHA鈥檚 Bharath Krishnamurthy, director of policy and health analytics, and Benjamin Finder, director of鈥
Given the historic financial pressures borne by hospitals and health systems over the last eighteen months, there is tremendous focus on organizations鈥 margins. Simply put, this metric tells us how an organization鈥檚 costs compare to their revenues and is one, but not the only, indicator of a鈥
A recent JAMA-published study on U.S. hospitals鈥 financial performance during the COVID-19 public health emergency suffers from several methodological setbacks that undermine its credibility, writes Aaron Wesolowski, AHA鈥檚 vice president of policy, research, analytics and strategy.
America鈥檚 hospitals and health systems, regardless of size, location and ownership type, provided essential care to their patients and communities during the pandemic. Congress recognized the critical role hospitals play as the backbone of our health care system and swiftly took steps in the early鈥
An article in the Wall Street Journal, 鈥淪ome Hospitals That Spent Big on Nurses During Pandemic Are Now Short on Cash,鈥 continues to reaffirm that hospitals and health systems are facing myriad financial challenges that threaten access to care and services that patients and communities rely on.
A recently published article in Health Affairs on hospital finances and financial assistance uses a flawed, debunked methodology to justify preconceived conclusions about how hospitals manage their finances.