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Hospital Flash Report: January was Devastating for Finances

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Innhold levert av The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

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Hospital Flash Report: January was Devastating for Finances

In February, Kaufman Hall published their Hospital Flash report that showed hospital finances in major distress mode, following the end of the Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, funding. They reported that in January the median change in operating margin without CARES decreased 71.3 percent; operating room minutes fell by 15.7 percent; the average length of stay rose 8.6 percent; labor expense per adjusted discharge jumped 14.6 percent; and total expense per adjusted discharge increased 11.6 percent. Sounds like a bad start to 2022…
Our guest is Mike Blair, Chief Financial Officer at CentraCare Health in St. Cloud, Minnesota.

  continue reading

59 episoder

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Manage episode 323401230 series 2993668
Innhold levert av The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Send us a text

Hospital Flash Report: January was Devastating for Finances

In February, Kaufman Hall published their Hospital Flash report that showed hospital finances in major distress mode, following the end of the Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, funding. They reported that in January the median change in operating margin without CARES decreased 71.3 percent; operating room minutes fell by 15.7 percent; the average length of stay rose 8.6 percent; labor expense per adjusted discharge jumped 14.6 percent; and total expense per adjusted discharge increased 11.6 percent. Sounds like a bad start to 2022…
Our guest is Mike Blair, Chief Financial Officer at CentraCare Health in St. Cloud, Minnesota.

  continue reading

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