After posting mixed results during the first three quarters, the majority of the nation’s largest for-profit hospital systems by revenue — HCA Healthcare, Tenet Healthcare and Universal Health Services — closed out fiscal year 2023 with net gains on strong demand for outpatient services and rebounding investments. Community Health Systems, however, reported losses for the year. Analysts said 2023 was a make-or-break year for the industry, after rising expenses — including costs of salaries and wages — pressured hospitals’ profitability post-pandemic.
Read the full article: For-Profit Hospital Operators Bet on Outpatient Services, Expense Reductions in 2023 //
Source: https://www.healthcaredive.com/news/for-profit-hospital-q4-2023-outpatient-ambulatory-earnings/709429