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Colorado hospital leaders see continuing financial challenges in 2023: “We’re not out of the woods”

Higher staffing costs, longer hospital stays strained health systems’ budgets in 2022

Dr. Amie Scott, left, and Laura Mattox, nurse practitioner, right, put on their personal protective equipment before seeing a patient in the Emergency Department at UCHealth University of Colorado Hospital in Aurora on March 13, 2023. (Photo by Helen H. Richardson/The Denver Post)
Dr. Amie Scott, left, and Laura Mattox, nurse practitioner, right, put on their personal protective equipment before seeing a patient in the Emergency Department at UCHealth University of Colorado Hospital in Aurora on March 13, 2023. (Photo by Helen H. Richardson/The Denver Post)
DENVER, CO - MARCH 7:  Meg Wingerter - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Hospitals in the state had a combined profit margin on patient care of 4.7% in 2022, which was about half their margin in 2021, according to the Colorado Hospital Association.
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