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[The following is a paid advertisement.]
A new report from the American Hospital Association describes the impact of rising labor, supply and drug costs—along with staffing shortages and longer hospital stays—that are debilitating financially strained hospitals and imperiling patient access to care.
Hospital expenses increased 17.5% between 2019 and 2022, the report says, due to cost pressures that include essential operations such as IT, sanitation, facilities management, and food and nutrition services.
Under extreme financial pressure, Illinois hospitals are urging state lawmakers to pass Senate Bill 1763 to invest in hospitals that are investing in patients and their communities.
With Medicaid as the state’s largest health insurer, Illinois hospitals are being squeezed by the shortfall between the cost to provide care and Medicaid reimbursement, which is less than 80 cents per $1. Research by the Illinois Health and Hospital Association shows hospital expenses have increased 85% since 1995, while Medicaid GFR hospital reimbursement has remained flat.
Support and co-sponsor SB 1763 to help preserve access to care for everyone. Discover the facts to learn more.
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Tuesday, May 2, 23 @ 8:56 am
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