‘Patients deserve better’: Hospital leaders describe cuts due to financial crunch
Executives of health systems said they’re reducing services due to losses. Some are closing beds and delaying procedures, while patients are seeing long waits in emergency departments.
Hospitals are projected to lose billions of dollars in 2022, and more than half of all hospitals could be in the red by the end of the year.
Those dire projections come from a report released last week by the American Hospital Association. Kaufman Hall, the healthcare consulting firm, prepared the report and said 2022 figures to be the worst year for hospitals since the COVID-19 pandemic began. And that’s following a difficult first half of 2022. Hospital executives are looking to Washington for help.
“We are now dealing with the aftershocks and… -Read Article –