The University of Pennsylvania Health System remained profitable in the first nine months of fiscal 2023, though at a lower level than it saw before the coronavirus pandemic, according to financial results it released Wednesday.higher costs for labor, drugs, and other suppliesIn the three years before the coronavirus pandemic, Penn had an average operating margin of 5.7% during the first three quarters of each fiscal year.
. That’s a problem because in most cases hospitals don’t get paid more if patients stay longer than insurers expect them to. People who go to the hospital are sicker than they used to be, because so much care has shifted to outpatient settings, plus staffing shortages in nursing homes have made it hard for them to admit new patients every time a hospital calls.highlighting the new proton therapy center at Lancaster General