Big nonprofit and for-profit health systems are generally seeing a marked improvement in financial results this year, largely due to rising patient volumes. The increased volumes are bringing a much-needed revenue boost for many providers still looking to leave the COVID-19 pandemic’s impact on their balance sheets fully behind them. However, increased volumes require a balancing act. The influx of patients may generate more revenue, but it also means more spending on supplies and staff to treat them, in addition to potential capacity constraints. Here’s why volumes are growing and what that means for health systems’ finances.
Read the full article: How Patient Volumes Are Affecting Providers’ Financial Results //
Source: https://www.modernhealthcare.com/finance/patient-volumes-finances-tenet-providence-cleveland-clinic