The hospital space is currently fighting labor shortage, inflation and resultant escalated operating expenses. Even though revenues are increasing, growing salaries and benefits are eating up Zacks Medical-Hospital industry players’ margins. Surplus supply and stiff competition are other major headwinds. However, the resumption of non-essential procedures stimulated a recovery in patient volumes.
Rising outpatient surgeries and patient days are boosting hospital players’ operations. Also, technological improvements and adoptions are lowering hospitals’ treatment costs. Leading industry players like HCA Healthcare, Acadia Healthcare, Universal Health Services and Tenet Healthcare are set to benefit from these developments. Read more.
