Less Revenue? How To Respond…

Health and human service executives are operating with a smaller financial margin for error than at any point in recent memory. Rising labor costs, tighter reimbursement, workforce shortages, and growing competition are forcing executive teams to make difficult decisions while protecting both financial sustainability and consumer access.

A recent survey – New Survey Finds 72% Of Hospital CFOs Report Margins Of 2% Or Less As Leaders Prioritize Workforce And Technology Investments – illustrates just how narrow that margin has become. Nearly three-quarters (72%) of health care executives expect operating margins of 2% or less this year, with 22% expecting margins below . . .