Wellness Check: Hospital execs say finances stumble amid sluggish patient volumes, rising expenses, end of COVID aid
Hospitals in Connecticut saw substantial gains in revenue during 2021, but many will operate at a deficit during fiscal 2022, which closed Sept. 30, as pandemic relief diminishes and patient volumes remain sluggish. Many Connecticut hospitals, including Middlesex Hospital, saw operating losses driven by the evaporation of COVID-19 grants, coupled with an inflationary economy and rising expenses.
Source: hartfordbusiness.com
