Colorado hospitals’ profits plunged in 2022 ...Middle East

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Colorado hospitals’ profits plunged in 2022
Colorado hospitals saw a significant dip in profits in 2022, according to a new report, confirming what scattered financial filings have previously hinted at. One state health official called the downturn an “aberration” and said it shouldn’t be used by hospitals to justify substantial increases in prices, while the Colorado Hospital Association pushed back and said hospitals’ financial outlook remains dreary. Overall, hospitals made $336 million in total profits in 2022, according to a report by the Colorado Department of Health Care Policy and Financing. That number takes into account all hospital expenses and sources of revenue, including investments. And it’s a 90% drop from 2021,

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