- Hospitals leaders who are expecting sunnier financial days in the new year may be disappointed.
- S&P Global Ratings released its 2024 outlook for nonprofit hospitals and said it has a negative view for the sector. Hospitals continue to wrestle with higher labor and operating costs and revenue challenges, S&P notes. Hospitals should see some improved revenue, but revenue gains could be matched or outpaced by expenses.
- Along with the rising costs, hospitals are seeing more revenue woes as more Americans grow older and move to Medicare, “which traditionally does not pay as well as your commercial contracts,” Desai says. In addition, more care is shifting from inpatient hospital stays to outpatient treatment.
https://www.chiefhealthcareexecutive.com/view/hospital-2024-outlook-remains-negative-s-p-global-ratings-says