It could be harder to find medical care in the near future, according to a new report about medical deserts in Upstate New York.
Dozens of hospitals across Upstate face budget deficits, that if not corrected, will result in cuts to services.
The deficits aren’t just caused by the pandemic, either. According to the report, declining patient revenues as well as skyrocketing labor costs are combining to create this perfect storm.
Among the highlights of the report, 90% of hospitals reported negative or nearly non-existent operating margins. That means millions in operating losses for those hospitals.
Nearly a dozen hospitals faced losses of more than 10%.
For the staffing portion, the 52 hospitals surveyed were expected to spend over $1.2 billion on contingent staffing by the end of 2022.
The data came from the Iroquois Healthcare Association survey released last week.
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