The Great Resignation Applies To Provider Organizations Too

The financial strength and stability of health care provider organizations was strained before the pandemic. And while the pandemic provided a large influx of unexpected federal/state monies into the system, the structural financial sustainability problems remain.

While there isn't great information about the financial condition of specialty or primary care provider organizations, there are longitudinal data on hospitals. Over the past year, hospital revenues have increased from their pandemic lows. But, margins are cumulatively negative as of the end of June down double digits when compared to May 2021. And expenses continue to rise—especially labor costs (see . . .