The failing financials of Minnesota’s non-profit hospitals and health systems puts patient care at risk. Addressing this issue swiftly is crucial to maintaining the quality and accessibility of health care across the state.
67% of hospitals and health systems had negative operating margins in the first half of 2023, which means they were losing money. This is an increase from 55% of hospitals and health systems that had negative margins in 2022.
Resources:
- Staffing costs push some Minnesota hospitals to the financial brink
- Minnesota Hospital Association CEO says the state’s hospitals are in a financial ‘crisis’
- Minnesota hospitals and health systems lose hundreds of millions as revenues fall and inflation hikes labor and other costs
- Healthcare bankruptcies hit 5-year high