Margin performance: An opportunity for long-range strategy
About half of U.S. hospitals finished 2022 with negative margins. And while profitability has stabilized somewhat since then, hospital finances remain precarious and extremely challenging.
How are hospital and health system leaders navigating razor-thin margins? To find out, Optum and Becker's Hospital Review conducted an advisory call with CEOs, CFOs and vice presidents of finance and operations from health systems across the country. The advisory call participants shared their perspectives on contributing factors to margin pressures. They also discussed actions hospitals and health systems can take to address these challenges and their outlook for the future.
Key lessons:
- Why margins are under such tremendous pressure
- How organizations are responding right now
- Why partnerships should be a key strategic consideration