The Wisconsin Hospital Association Information Center (WHAIC) today released its annual Guide to Wisconsin Hospitals for FY2022, which shows Wisconsin hospitals and health systems facing their most significant financial challenges in more than a decade. These financial strains are in large part due to patients slowly returning to pre-pandemic routine care and the rising costs for medical supplies and services due to record inflation.
“With inflation driving up the costs of goods – not only for individual consumers, but for businesses and organizations as well – hospitals have been challenged with increased costs of medical supplies and overhead costs incurred while providing care,” said Jennifer Mueller, WHAIC Vice President and Chief Privacy Officer. “With operating costs running at such a high, a number of Wisconsin hospitals operated at a net loss in the last year – one of the toughest years financially for Wisconsin hospitals in the last decade.”
Each year, WHAIC releases the results of the state-mandated Hospital Annual and Fiscal Survey. Per Wisconsin State law, WHAIC is responsible for collecting and disseminating Wisconsin hospital and freestanding ambulatory surgery center data. State law requires hospitals and health systems to report this data to WHAIC and make the results publicly available. The annual Guide to Wisconsin Hospitals is published on the WHAIC website.