Thursday, August 18, 2022
HomeLatest NewsQuality NewsContinued Financial Stress on Healthcare could Threaten Patient's Access to Care

Continued Financial Stress on Healthcare could Threaten Patient’s Access to Care

​A new analysis prepared by Kaufman, Hall & Associates, LLC and released by the America Hospital Association (AHA) shows that total hospital revenue in 2021 could be down between $53 billion and $122 billion from pre-pandemic levels, jeopardizing their ability to care for their communities.This sustained financial squeeze on the hospital field could result in the slowdown of vaccine distribution and administration, continued pressure on tired front-line caregivers and diminished access to care, including in rural areas.The report shows that such losses are not the only pandemic-borne concern for hospitals’ financial health, with hospitals and health systems forced to weather increased expenses for drugs, purchased services, labor and supplies.

The analysis was released in conjunction with a media call the AHA hosted during which three hospital leaders shared their stories about the real-world challenges they have faced during the pandemic.

An AHA report from last summer estimated total losses for the nation’s hospitals and health systems to be at least $323.1 billion through 2020. In addition, at least four dozen hospitals entered bankruptcy or closed in 2020, according to data compiled by Bloomberg.

Read the full AHA press release here.

Stay Connected

Unified Voice Newsletter

Events This Month

august

18aug12:00 pm1:00 pmMastering Difficult Conversations with Compassionate ConfidenceSDAHO Webinar12:00 pm - 1:00 pm CST Event Type :Education Events,Webinar

23aug11:00 am12:00 pmThe Role of Guardianship & Conservatorship in Improving Patient OutcomesSDAHO Webinar11:00 am - 12:00 pm CST Event Type :Education Events,Webinar

24aug1:00 pm2:00 pmKey 2022 Health Care Trends, the Current State of Skilled Nursing/Long-Term Care and Using Data to Gain ClarityPartner Education1:00 pm - 2:00 pm CST Event Type :Education Events,Webinar

25aug11:00 am12:00 pmFilling Gaps In Physician Network Practice ManagementMHA Webinar11:00 am - 12:00 pm CST Event Type :Education Events,Webinar

25aug11:00 am12:30 pmUnderstanding Hospital Board and Medical Staff Responsibilities under Medicare Conditions of ParticipationSDAHO Webinar11:00 am - 12:30 pm CST Event Type :Education Events,Webinar

X


By submitting this form, you are consenting to receive marketing emails from: SDAHO, 3708 W Brooks Place, Sioux Falls, SD, 57106, http://sdaho.org. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact