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Financial Stability Is At-Risk for America's Hospitals and Health Systems

Costs of Care Continuing to Rise

• A confluence of several factors, from historic inflation driving up the cost of medical supplies and equipment, to critical workforce shortages forcing hospitals to rely heavily on more expensive contract labor, led to 2022 being the most financially challenging year for hospitals since the pandemic began. Moreover, sustained demand for hospital care with patients coming to the hospital sicker and staying longer has exacerbated these challenges.