Moody鈥檚: Hospital margins plunge in 2022
Labor costs and volume disruptions drove declines in operating margins for nonprofit hospitals and health systems in fiscal 2022, Moody鈥檚 Investors Service reported yesterday based on preliminary medians data from 132 health systems. Cash balances also declined, in part due to investment losses and repayment of federal Medicare loans, while covenant violations and near-violations escalated.
鈥淕iven this distribution and the continued difficulties in the healthcare operating environment, we expect our final 2022 medians results to worsen,鈥 the report notes.
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