Current State of Indiana Hospital Finances

Since the onset of the COVID-19 pandemic in March 2020, Indiana hospitals and health systems have taken unprecedented steps to care for their communities amid significant pressure on staff and resources.

The financial impact of the pandemic has been staggering. As hospital executives, policymakers, and other healthcare leaders assess the current landscape, key findings about the financial state of Indiana hospitals from the beginning of the pandemic through December 2022 include:

• Margins remained depressed relative to pre-pandemic levels.

• Expenses were significantly elevated from pre-pandemic levels.

• Hospital volumes remained below pre-pandemic levels.
• Hospitals experienced a profound financial toll, with no further relief in sight

These findings underscore the existential, financial, and operational threats Indiana hospitals continue to face nearly three years after the pandemic’s beginning.

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