Colorado Hospitals Face Financial Challenges
A recent report by the Colorado Hospital Association found that nearly 70% of Colorado hospitals ended 2024 with "unsustainable" margins.
hospitals' expenses are outpacing their revenue as an increasing number of Colorado patients are losing their insurance coverage, partially due to the post-pandemic Medicaid unwind.
According to Tom Rennell, CHA's senior vice president of financial policy and data analytics, rural hospitals are particularly affected, with over 80% unable to achieve sustainable margins, a 12% increase since 2019.
The report highlights the financial struggles of Colorado hospitals, with the majority operating on unsustainable margins.
Author's summary: Colorado hospitals face financial struggles.
- Nearly 70% of hospitals ended 2024 with unsustainable margins
- Rural hospitals: over 80% unable to achieve sustainable margins