New Wipfli Report: State of Rural HealthcareMarch 2023
Wipfli, LLP, recently published a report based on a survey of more than 100 rural healthcare organizations across 25 states to learn how they’re coping with economic and regulatory challenges. Despite a record number of rural hospitals closing during the past two years and several other rural hospitals at risk of closure, the State of Rural Healthcare report reveals that organizations surveyed are cautiously optimistic for the future. Two-thirds of respondents said their financial situation today is the same or better than it was five years ago. Looking ahead, over 75% of rural providers expect their revenue to grow or remain flat over the next three years.
Heading into 2023, rural healthcare organizations are most concerned about talent issues, including the cost of labor and a lack of qualified workers. Getting paid is another top concern. Clinics are working to improve federal reimbursements and renegotiate payer contracts.
Download the full report to learn how rural healthcare organizations are planning to maintain their financial health.