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thepandemic expensewave
Crushing demand for available hospital beds, staffing shortages that caused a dramatic rise in travel nursing costs, and the overall cost of care during the public health emergency strained the nation's healthcare system
Now, as the original surge is waning, in 2023 hospitals will now feel the wave of pandemic related expenses as evidenced by reimbursement rates, more stringent payer contracts, and a shrinking pool of physicians and caregivers.
This pandemic expense wave will force administrators to take a closer look at core services, the capacity to absorb uncompensated care and their facility's overall ability to provide care. Partnerships will see more appealing.