The healthcare industry has always operated on the principle that patient care is paramount. However, as we venture into the new terrain of 2022 and beyond, an important update has emerged: operational costs are on the rise. This surge, encompassing supplies, labor, and patient care, has cast a shadow on financial performance, leading to a noticeable decline in Margins and Return on Investment (ROI).
In 2022, healthcare organizations across the nation experienced a notable (-7.6%) decrease in ROI growth. This deceleration is glaringly evident when we examine the lowest recorded value in accounts receivables since the financial crisis of 2008. The financial stability of healthcare providers has been put to the test, and it’s time to take action.
