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Member, Beacon International Group, Ltd.
Hospitals are likely to lose “billions of dollars” due to continued depressed profit margins and heightened labor costs, according to a report prepared for the American Hospital Association, reports Healthcare Dive. Even in the report’s optimistic model, more than half of all hospitals could end 2022 with negative margins, driven by an overall expected $135 billion increase in expenses and an $86 billion rise in labor costs alone.