Hospital revenues and volumes are on an upswing, but growing expenses are still offsetting gains in these areas, especially as cases caused by the Delta Covid-19 variant continue to rise.
In late March 2020, ambulatory visit volumes fell by more than 50% compared to pre-pandemic levels in California, according to a report by the state's largest nonprofit health information network. Declines in visits were greater among children and adolescents than adults, which is "concerning," the CEO of the HIN said.
The home care industry is booming. As Baby Boomers age and more families seek in-home solutions for loved ones, demand for home care services is at an all-time high.
Hospital operating margins increased from January to March, but are still narrow, leaving hospitals in a financially vulnerable state, a new report from Kaufman Hall shows. In addition, volumes are still down and expenses continue to rise.