Hospitals are struggle to increase their volumes with many underperforming last year compared to 2017, a new report from consulting Kaufman Hall shows.
But hospitals continue to struggle to increase their volumes with many underperforming last year compared to 2017, the analysis shows.
“Nationally, all volume indicators demonstrated eroding performance relative to last year,” the Kaufman Hall report, which collects data from more than 600 hospitals monthly, said in comparing 2018 to 2017. “Volume trends demonstrated consistent underperformance relative to last year, with a few indicators showing increasing underperformance.
The report is the latest to show trouble for U.S. hospitals as new competitors emerge like Amazon, CVS Health, Walgreens Boots Alliance and Wal-Mart. These retailers are looking to establish themselves as a destination for low-cost outpatient care and give patients less reason to go to a hospital. Though the Kaufman Hall report didn’t mention the retail threats specifically, it’s the latest financial report to warn of deteriorating hospital performance in the face of payment shifts to outpatient care and rising government reimbursement that tends to pay hospitals less than commercial insurers.
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