Inflation is hitting hospitals as margins remain near zero levels!

 

Hospital and health system margins improved slightly in March, but continue to sit near-zero levels, putting hospitals in a vulnerable position should a recession or a new public health emergency materialize. 

Under the seemingly calm surface, there are significant challenges — especially labor shortages and diminished margins — that could quickly reach the surface should another crisis arise!!

Growth Management Group will soon come forward with a program to help alleviate this problem.

If you would like to be on the mailing list, please email at Lgpotter33@gmail.com and/or continue to visit https://pofsnow.blogspot.com

This will shock many, many commercial property owners, and it will be here before you know !!

This year, bonus depreciation has been reduced to 80%, and it will continue to be reduced year over year until 2028, when it will be eliminated!!!

The longer you wait, the more you could lose out on. Cost segregation is a valid tax strategy for commercial property owners endorsed by the IRS. It simply depreciates expenses in the proper year 5, 7, or 15, allowing you to take depreciation expenses when you should, thus reducing your tax burden. As a taxpayer, you will receive a significant tax benefit, money you can use NOW!

Considering cost segregation, every property is unique and should be treated as such. We've designed proprietary software that allows YOU, as the Owner, to review your property in about sixty seconds. There is no obligation to use this system. Determine what your tax advantage would be here

Get To & Stay Cash Flow Positive

It's worth the time, I promise. Then, let me know what you think or if you have any questions. I'm here to help.

Larry G Potter

Senior Advisor

Your Growth & Health Are Our Business

Tax Incentives | Expense Reduction | Retirement Plans | Corp. Financing | Smart Medical

Cardiology Coffee Break

 

                                                        Longing for a latte? 

Take a Cardiology Coffee Break with GE HealthCare. Learn how GE HealthCare’s cardiology IT solutions can empower your organization to provide precision care, achieve operational efficiency, and increase patient satisfaction. The next topic is “Put the pedal to the metal—accelerate post processing with CVIT” on May 17, so grab your mug + register now.

Patient acuity is high!!

It appears that patients now entering hospitals are sicker because treatments were deferred during the height of the pandemic. The national average patient length of stay was up nearly 10% between 2019 and 2021. 

Sicker patients translate to increased costs, as these patients require more intensive treatments and medications, increased staff time and more supplies and equipment.

Exacerbating this challenge is the high percentage of the population over age 65. Health care spending for someone who is 65 and older is almost 3 times as much as someone who is working age. Compounding this is the high prevalence of certain costly diseases and conditions including high rates of obesity and adult diabetes.

Since the start of the COVID-19 pandemic, hospitals have faced historic volume and revenue losses, as well as skyrocketing expenses.

Financial losses were also incurred due to paused elective surgeries and procedures during COVID-19 surges.

Read the below article "If Health Care Is So Expensive, Why Are Hospitals Closing Their Doors?"

Post-pandemic, even hospital care goes remote!!

Such a thing was unimaginable, just a few years ago. The Mayo Clinic was among the first hospitals in the country to experiment with sending acute patients home for remote care four years ago. Now, some 250 similar programs exist throughout the country.

It's because during the pandemic, the federal agency that runs Medicare and Medicaid relaxed normal rules requiring around-the-clock, on-site nurses for hospitals requesting the exception. This allowed at-home hospital care programs to rapidly expand. Those pandemic-era waivers will remain in place until at least the end of 2024, although some experts anticipate policy changes allowing such programs to remain in place permanently.

Now, it seems at-home hospital care is fast becoming an option for acute care for many conditions, even for treatment of cancer! 

The practice has been enabled by other recent trends as well – for instance the increase in traveling medical staff and the prevalence of portable Internet-enabled devices to connect with medical help remotely.

Such shifts could potentially reshape the future of hospital care, affecting many more patients.

What's been your experience? 

Feel free to leave your comments....

Why Are Hospitals Closing Their Doors?

 If Health Care Is So Expensive, Why Are Hospitals Closing Their Doors?

Remember when Obamacare and moving to electronic health records were supposed to fix all that? — while at the same time many hospitals claim they are in dire straits?

Take Mississippi, over the last three years, hospitals in the state have lost $1.5 billion compared to pre-pandemic levels. The reason? Everything costs more—from contract labor which grew by 450 percent, to the cost of medical supplies which has risen by $82 million across the state. Drug expenses are also up 14 percent.

Some argue that hospitals would be in better shape if Medicaid was expanded. Alabama is one of eleven states that hasn’t expanded eligibility for the program since the passage of the Affordable Care Act.

Getting the remaining eleven states to expand Medicaid would mean they’d be switching from one program that loses money to a different program that loses money, hopefully at a slower rate. To me that is prolonging things.

Thank goodness, Growth Management Group will be launching a new service that just might turn things around. This should be released within a few weeks and from what I hear, it will be on a contingency basis, meaning that if there are no savings, there are no fees!!

I will post this here as soon as it is available. 

Your Growth Is Our Business

Tax Incentives | Expense Reduction | Retirement Plans | Corp. Financing | Smart Medical

 

Secret Windows restart trick

 Frequent shutdowns can fix most computer issues, but you can try a shift shutdown to close all processes and apps and clear the RAM completely. 

• Hold down the Shift key before you hit restart. 
  
• Keep holding it until your PC powers down, and choose Continue when it turns back on.