Hospitals in the United States are hemorrhaging funds and many are sounding the alarm that they may not be able to continue operations unless rocketing costs and labor shortages are resolved in the coming months.A report published last week by the American Hospital Association (AHA) and KaufmanHall last week projects that up to 70 percent of hospitals in America may end 2022 having lost money. Increasing costs of labor are the main contributor. Many have also had trouble bringing in revenue, as shortages in labor have reduced their capacity to provide services.One notable example of a hospital that has struggled is Mass General Brigham hospital (MGH) in Boston, , which posted $949 million in losses in the third quarter of the 2022 fiscal year - ending in June. The hospital points to surging labor costs and staffing shortages for the unprecedented losses.
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