For healthcare, and for hospitals and health systems especially, 2022 was one of the years with the worst financial performance seen in decades. Monthly reports throughout last year depicted rising costs, mostly exacerbated by the crippling staff shortages and a reliance on more expensive contract staff, and diminished profit margins.…
The Ann & Robert H. Lurie Children’s Hospital in Chicago has a mission: to successfully serve children with complex airway disorders requiring pulmonary, upper digestive tract, sleep, voice, and swallowing evaluations. As a 360-bed facility ranked among the country’s top children’s hospitals by US News & World Report and housing more than 1,800…
Inflation in the US has recently hit a 40-year high of 8.6%, and according to Becker’s ASC Review, ambulatory surgery centers (ASCs) are hurting from “soaring inflation costs.” Labor, supply, and equipment costs are going up, but reimbursement rates remain low. “From equipment to supplies to staffing, expenses continue to…