Admissions to Blount Memorial Hospital declined in September, hospital Chief Financial Officer Jonathan Smith said in a Tuesday combined finance and audit committee meeting. Although BMH’s admissions numbers rose in August, with 701 admissions—47 below what the hospital had budgeted—they sank again in September.
At an AHA virtual policy briefing today for congressional staff, hospital and health system leaders urged Congress to prioritize actions to address the rising costs of caring, workforce challenges and diminished Medicare and Medicaid reimbursements, which have made 2022 the most difficult financial year for the hospital field since the COVID-19 pandemic began.
Universal Health Services came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items.
Crawford County Memorial Hospital showed a profit of $174,523 in September, according to the CCMH finance committee report presented to the hospital board of trustees on Monday evening.
The Washington State Hospital Association says if nothing changes that more than half of the state's hospitals could run out of cash by the end of 2023.