How Physician Engagement Can Revitalize Struggling Hospitals
In 2024, as many as 40% of hospitals were operating at a loss, according to Kaufman Hall, and the gap between the most and least profitable providers continues to widen. These hospitals often deal with outdated infrastructure, which increases maintenance costs and hinders efficient operations. Additionally, they face staffing shortages and increased labor costs, making it difficult to provide quality care. Declining patient volumes due to competition and reimbursement challenges from insurers exacerbate their financial strain.
