The operating losses at Jefferson Health are just one example of how COVID-19 relief funds running low are showing up on the balance sheets of nonprofit hospitals across the region.
As federal COVID-19 pandemic aid funding rolls off the balance sheets of hospitals nationwide some experts argue that the old financial models won’t work anymore — even as patients return
Jefferson Health had $231 million operating loss in fiscal 2023 inquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.com Daily Mail and Mail on Sunday newspapers.
Losses continued at the not-for-profit system as new leadership works to integrate a collection of 18 hospitals acquired from 2015 through 2021 under former chief executive Stephen K. Klasko.