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Hospital Flash Report: January was Devastating for Finances
Manage episode 323401230 series 2993668
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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.
54 episodes
Share
Manage episode 323401230 series 2993668
Content provided by The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Kinetix Group, Powered by Petauri, The Kinetix Group, and Powered by Petauri or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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.
54 episodes
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Similar to TKG PACT Executive Briefings - 3-Minute Market Insights
How many organs could you donate and remain alive? How many planet Earths could fit inside the Sun? How high is a giraffe's blood pressure? Why is the sea blue? To find out, Ask The Naked Scientists!
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continue reading
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continue reading
PT Inquest is an online journal club. Hosted by Jason Tuori, Megan Graham, and Chris Juneau, the show looks at an article every week and discusses how it applies to current physical therapy practice.
…
continue reading
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