Budgeting
Forty-five organizations are getting the American Rescue Plan funds over three years.
Other contributing factors include the emergence of new technologies, vaccine mandates and more federal scrutiny of mergers.
Average payments are $58,000 for small providers, $289,000 for medium providers, and $1.7 million for larger providers.
Lower-rated hospitals that have full intensive care units are less able than higher-rated hospitals to absorb a decline in reimbursement.
Not including CARES Act funding, the median change in operating margin was down 12.1% from September to October.
CEO Sam Hazen said recent population growth in Florida played a part in the decision to expand.
Rising supply chain challenges are a headwind to revenue, but the issues may begin to subside in mid-2022, a Fitch Ratings report says.
The average amount is $170,700, with payments ranging from $500 to $43 million.
The $93 million investment directly affects 10,800 food service staff and other workers.
Hospitals in non-expansion states would see more than $6.8 billion in new spending as a result of the BBBA’s closing of the Medicaid gap.