Podknife - Coffee & Contracts - Cash Flow at hospitals to SURGE in 2024 by Financial Residency

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Coffee & Contracts - Cash Flow at hospitals to SURGE in 2024

Podcast |: Financial Residency
Publisher |: Financial Residency Network
Media Type |: audio
Podknife tags |: Business,; Careers,; Interview,; Management & Marketing,; Personal Finance,; Science & Medicine
Categories Via RSS |: Business,; Careers,; Investing
Publication Date |: Dec 27, 2023
Episode Duration |: 00:06:07

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart!

Today, Jon from Contract Diagnostics discusses a recent article by Moody's projecting a surge in hospital margins and cash flows in 2024. He highlights key points from the article, indicating that median operating cash flow is expected to increase by 10 to 20 percent, with operating cash flow margins reaching 7%, a 1 percent increase from the previous year.

The video suggests that nonprofit hospitals may turn positive in 2024, providing potential opportunities for physicians to negotiate better deals.

Jon emphasizes the impact of labor costs on hospital expenses and encourages physicians to leverage the positive projections when renegotiating contracts in the coming year.

He invites healthcare professionals to reach out to Contract Diagnostics for assistance with contract and compensation-related matters.

Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

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