More than Half of Pennsylvania Hospitals report decline in Profits

May 26, 2014 12:01 PM

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More than Half of Pennsylvania Hospitals report decline in Profits

The Pennsylvania Health Care Cost Containment Council unveiled that more than 50% of the state's hospitals' profit margins have witnessed a decline. The margins have reduced and were lower than 4% for the year in half of the hospitals. In 2013, more than 33% of the hospitals across the state lost money.

The council believes that the trend would remain the same throughout 2014. There are a number of reasons for such losses and one of the main causes is the rising cost of uncompensated care. It is the type of care where patients do not have private or public insurance and are unable to pay.

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