The bottom line, hospitals say, is their financial pain is getting worse.
Penn State Health Hampden Medical Center posted a major loss in a recent report on the financial health of Pa. hospitals. However, a spokesman attributed the loss to its recent opening and many expenses incurred before it began caring for patients. Mark Pynes | [email protected] average profit margin at Pennsylvania hospitals fell to roughly half the level of the previous fiscal year, with many facing “severe financial challenges,” according to a new report.
The average total margin for Pennsylvania hospitals fell to 4.29% during the fiscal year ending in mid-2022, down from 7.59% in the previous fiscal year, according to the report from the Pennsylvania Health Care Cost Containment Council. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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