Provider Financial Pressures Mount in 2023

ABSTRACT

All these factors led to disheartening headlines regarding health system losses, hospital closures, and even physicians leaving the profession.1 Additionally, as of November 2022, Becker's Hospital Review reported significant dips in cash on hand for multiple large health systems.2 Despite this decrease in cash, many large health systems still have healthy cash reserves. [...]there is some positive news for Medicare reimbursement through the final Outpatient Prospective Payment System (OPPS) rule released in late 2022. [...]one more item to monitor in 2023 will be the status of the Public Health Emergency (PHE) period declared during the COVID-19 pandemic.