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'Unsustainable' losses are forcing hospitals to make 'heart-wrenching' cuts and closures, leaders warn
Billions in losses and negative operating margins expected to be commonplace through year-end have hospitals warning of service closures and potentially systemic collapse without immediate outside support.
Anywhere from 53% to 68% of the nation’s hospitals will end 2022 with their operations in the red versus the 34% reported in 2019, according to new industry projections released Thursday by Kaufman Hall on behalf of the American Hospital Association (AHA).
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