“The analysis, conducted by consulting firm Oliver Wyman, paints a stark financial picture for Pennsylvania’s hospital sector. Nearly four in 10 hospitals in the commonwealth are operating at a loss, and fewer than half have sustainable margins. Twenty-five hospitals have closed in Pennsylvania over the past decade, and if current trends continue, another 12 to 14 could follow by 2030, according to the report.”
’71 cents on the dollar’ won’t cover care: Pennsylvania hospitals call for Medicaid fix