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Colorado hospital profits plunged 70% in 2022, but sector still made money, new report says

Labor costs and uncompensated care increased dramatically as investments took beating

Medical staff preforms an outpatient surgery at Denver Health on March 15, 2023 in Denver, Colorado. (Photo by RJ Sangosti/The Denver Post)
Medical staff preforms an outpatient surgery at Denver Health on March 15, 2023 in Denver, Colorado. (Photo by RJ Sangosti/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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Kim Bimestefer, executive director of the Department of Health Care Policy and Financing, said 2022 was an aberration because the cost of labor increased dramatically at the same time the bond and stock markets took a beating.
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