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How Rural Hospitals Can Achieve Financial Resiliency

It’s a well-known fact that many small U.S. hospitals are increasingly under pressure. Their problems stem from a myriad of challenges: razor-thin margins, inflation, higher borrowing costs, declining insurance reimbursement rates, technological inefficiencies, staffing issues, along with supply and other cost increases.

All together, these factors have put rural healthcare delivery at significant risk. Over the past two decades, 191 rural hospitals have either permanently closed their doors or converted to emergency or outpatient care, according to the University of North Carolina Cecil G. Sheps Center for Health Science Research. Making matters worse, other rural hospitals may soon encounter the same fate. According to the Center for Healthcare Quality and Payments Reform, more than 600 of the country’s rural hospitals are at risk of closure due to financial difficulties. The number of these at-risk facilities represents more than 30 percent of U.S. rural hospitals.

Read the full article in Healthcare Business Today, January 22, 2024. 

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