Expenses at Colorado hospitals are 30% above pre-pandemic levels, which is higher than the national average. Public and nonprofit hospitals in Colorado often file disclosures with the MSRB because they issue bonds either on their own or through the Colorado Health Facilities Authority. Children’s Hospital Colorado reported year-over-year growth in operating revenue of about $35 million but year-over-year growth in expenses of double that amount. The hospital lost $2 million just in March and recorded a $13 million loss through the first three months of the year. And the latest financial wobbles for Colorado hospitals come after the state’s largest systems for years enjoyed record profits and remained profitable during the first year of the COVID pandemic.

Source: Daily Sun August 15, 2023 09:38 UTC