Hospital Finances

IJB reporters compiled three years’ worth of financial statements from 129 publicly funded hospital corporations, some of which run multiple hospitals. The analysis found 77 had not balanced their books by the end of March 2025. Fifty-two logged an annual operating deficit for three consecutive years.

Financial pressure inside hospitals is causing clawbacks in patient services, such as temporarily closing emergency rooms, shuttering clinics, cutting back diagnostic imaging hours, laying off nurses, pressuring doctors to discharge patients earlier, and replacing registered nurses with cheaper aides, according to some hospital executives interviewed by the IJB.