Best Practices for Relieving Unprecedented Cost Pressures Facing Healthcare Providers

Fresh off the unparalleled demands of the COVID-19 pandemic, hospitals and health systems across the country are feeling new financial pain. The reasons are many: labor cost increases, inflation, declining Medicare reimbursements and clawbacks. The list goes on.

In this HFMA Executive Roundtable, participants discussed how healthcare providers could optimize flow to seek relief from unprecedented cost pressures during the pandemic and beyond.

Several participants in the roundtable confirmed that healthcare organizations are experiencing negative financial margins this year. For some other health systems, cash reserves are dwindling rapidly.

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