Hospitals have cited fewer patients as one reason for weaker revenue and efforts to sharply reduce spending on supplies, payroll or other expenses.
Behind the sluggish demand are the weak economy and more care being delivered outside of hospitals in less-costly settings, executives say. The ongoing shift toward outpatient care has long been policy-makers’ goal and may accelerate under efforts to slow health spending.
Executives at the West Penn Allegheny Health System credit both plus more competition from Pittsburgh’s suburbs for pressure on its operations and the major consolidation of its Pittsburgh hospitals. Read more at Melanie Evans' Of Interest blog. »