High labor and supply expenses in addition to inflationary pressures will continue to batter nonprofit hospitals this year, contributing to a ‘deteriorating’ outlook for systems, Fitch Ratings said on Wednesday. [Healthcare Dive]

The outlook is a continuation of the ‘deteriorating’ nonprofit sector outlook that Fitch Ratings released in August last year, when the ratings agency downgraded the sector from a ‘neutral’ rating. 

Still, Fitch sees some signs “that we are beginning to come out of the worst of it,” said Kevin Holloran, senior director at the agency.

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