Stormy Weather: Navigating Profitability in the NFP Hospital Space with Kevin Holloran

February 15, 2023

Hospitals had a rough 2022 as they faced higher labor and supply costs, volatile patient volumes, and fragile payer relations. More than half of hospitals in 2022 are expected to result in negative margins, according to Kaufman Hall. Kevin Holloran, Senior Director at Fitch Ratings, said 2022 was “one of the worst years ever in healthcare,” and he projected hospitals would face a bumpy 2023.

On this episode of Healthcare Rethink, Jonathan Wiik, VP of Health Insights at FinThrive and Kevin Holloran dig deeper into financial performance for health systems and hospitals.

Topics covered:

  • Headwinds affecting the not-for-profit hospital sector and what is driving those headwinds
  • Advice for CFOs and recommendation to insulate operations and profitability
  • Thoughts on M&A activity
  • How the future of payer/provider collaboration may look
  • Issues affecting profitability from labor to patient volumes and possible impact from recent legislation

Recent Episodes

Healthcare
View episode

Dr. Scott Sigman, M.D., host of The Ortho Show, highlights the impending technological advancements in healthcare, emphasizing how it will enhance patient care and revolutionize surgical procedures. Dr. Sigman mentions the integration of ChatGPT in the operating room through CaliberAI, an AI company aiming to guide surgical interventions. Furthermore, Dr. Sigman shares his experience with […]

Lifelong Impact
View episode

Blair Bundy, the Director of Player Health for the Milwaukee Brewers, recently shared his insights on the importance of nurturing lifelong athletes from a young age. He emphasized that the ultimate goal for children participating in sports is not just about winning games but about fostering physical and mental resilience. Such individuals lessen the strain […]

Data Innovation
View episode

    The relationship between socioeconomic backgrounds and health outcomes has been proven through years of study. Healthcare providers understand that those from lower socioeconomic brackets often face more health challenges. This is attributed to limited healthcare access, challenging living conditions, and elevated stress. How can data innovation help stakeholders solve these pressing issues? Brian […]