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Achieve More in the Face of Rising Expenses
New report assesses key findings in the current and projected landscape for future performance
By
Date
November 12, 2022
By: McKesson Health Systems Editorial Team
Read time: 2 minutes
Facing another difficult year since the start of the pandemic, U.S. health systems continue to struggle with staffing shortages, rising labor costs, supply chain disruptions, increasing interest rates.
In the latest annual survey on healthcare trends by Kaufman Hall, the Current State of Hospital Finances: Fall 2022 Update provides key findings about recent and projected performance through the rest of 2022.
Takeaways include:
- Expense projections are significantly elevated from pre-pandemic levels—an increase of nearly $135 billion over 2021.
- Projections for the rest of 2022 indicate margins will be down 37% relative to pre-pandemic levels.
- U.S. hospitals are likely to face billions of dollars in losses in 2022, which would result in the most difficult year for hospitals and health systems since the beginning of the pandemic.
How McKesson Can Help Mitigate Losses
Focusing on the right product at the right price is no longer enough. McKesson solutions for health systems looks to capture every revenue opportunity and operational efficiency to help drive financial success.
With their vast network of global suppliers, McKesson is able to apply sophisticated modeling to forecast supply, and demand and integrate new distribution strategies for specialty products.
McKesson experts take a holistic view of each health system and apply advanced analytics to reveal insights and opportunities to boost financial performance—providing an end-to-end solution that can maximizes returns.
Their current solutions include:
- Pharmaceutical Distribution
- PAP and Revenue Recovery
- 340B Compliance and Consulting
- Pharmacy Buyer’s University
- Drug Utilization and Spend Analytics
- Payer Solutions for Health Systems
Click to learn how partnering with McKesson can help your health system achieve more.
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