Imagine this scenario: A provider prescribes a necessary medication, and the patient attempts to fill it at the pharmacy. When they get to the counter, they realize the medication is unexpectedly expensive, and they can’t afford to purchase it. Unfortunately, this is not an uncommon occurrence, as more than 30% of prescriptions are abandoned at […]
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Going into 2022, many Leading Health Systems (LHS) felt positive about their 2021 financial performance with the average operating margin in-line with pre-pandemic levels (3.7% in 2021 vs 3.8% in 2019). However, a combination of inflation, volume and labor pressures significantly tanked 2022 margins with a projected 53% of hospitals expecting negative operating margin for […]
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