65% of rural hospitals confident they will not merge with larger group, report says

Despite the issues facing rural healthcare providers,  65 percent of rural hospitals are confident that they will not merge with a larger organization in the next five years, according to a new report from accounting firm Wipfli.

Advertisement

Additionally, 75 percent of hospitals are projecting revenue growth or  flat revenue over the next three years. However, nearly 90 percent of respondents still reported a worker shortage, according to a Feb. 2 Wipfli news release.

The results were based on a survey of 110 rural healthcare organizations across 25 states.

“Rural healthcare organizations are notably prioritizing talent and patient experience to address the staffing crisis,” Kelly Arduino, healthcare industry leader at Wipfli, said. “Our research shows that technology strategies and digital transformation plans for the next five years will be crucial to making informed decisions. Only 12 percent of physicians practice in rural communities, where 20 percent of the U.S. population lives.”

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.