If 2022 was the worst year for hospitals and health systems since the start of the pandemic, 2023 is showing signs of growing stabilization as operating margins inch up. So says Erik Swanson, a senior vice president at Kaufman Hall. “The core fundamentals are generally improving, and this is allowing systems to act more strategically,” he told Becker’s. When the pandemic hit, and as its effects on healthcare provision lingered well into 2022, systems were really in crisis mode, Mr. Swanson said. The recent positive median operating margin in May may be a sign things are generally stabilizing even as such margins remain well below pre-pandemic levels.
Read the full article: Healthcare May Be Entering a Period of Stabilization after Crisis Mode of Recent Years: Kaufman Hall //
Source: https://www.beckershospitalreview.com/finance/healthcare-may-be-entering-a-period-of-stabilization-after-crisis-mode-of-recent-years-kaufman-hall.html