142: The dire state of hospital finances (Part 1: Hospital of the Future series)
Host Rachel Woods invites Advisory Board experts Monica Westhead, Colin Gelbaugh, and Aaron Mauck to discuss hospitals' current financial struggles, how this could impact the healthcare industry, and strategies for reigning in costs.
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Show Notes
The majority of hospitals are predicted to have negative margins in 2022, marking the worst year financially for hospitals since the beginning of the COVID-19 pandemic. In Part 1 of Radio Advisory's Hospital of the Future series, host Rachel (Rae) Woods invites Advisory Board experts Monica Westhead, Colin Gelbaugh, and Aaron Mauck to discuss why factors like workforce shortages, post-acute financial instability, and growing competition are contributing to this troubling financial landscape and how hospitals are tackling these problems.
Links:
As we emerge from the global pandemic, healthcare is restructuring. What decisions should you be making, and what do you need to know to make them? Explore the state of the healthcare industry and its outlook for next year by visiting advisory.com/HealthCare2023.