The road to financial stability: How health system leaders are navigating razor-thin margins
Approximately half of U.S. hospitals finished 2022 with negative margins, marking it the worst financial year for hospitals since the onset of the COVID-19 pandemic. While margins have stabilized somewhat in 2023, hospital finances remain precarious and extremely challenging.
To better understand how hospital and health system leaders are navigating razor-thin margins, Becker's Hospital Review conducted an advisory call with CEOs, CFOs and vice presidents of finance and operations from health systems across the country.
The advisory call participants shared their perspectives on factors contributing to margin pressures, what actions hospitals and health systems are taking to address these challenges and an outlook for the future.
Key learning points:
To better understand how hospital and health system leaders are navigating razor-thin margins, Becker's Hospital Review conducted an advisory call with CEOs, CFOs and vice presidents of finance and operations from health systems across the country.
The advisory call participants shared their perspectives on factors contributing to margin pressures, what actions hospitals and health systems are taking to address these challenges and an outlook for the future.
Key learning points:
- Why margins are under such tremendous pressure
- How organizations are responding right now
- Why partnerships should be a key strategic consideration
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