Advisory Board August 15, 2024
According to several new reports, hospital and health system finances are beginning to stabilize, but high costs are still pressuring operations. At the same time, the financial gap between rich and poor hospitals continues to widen, as hundreds of smaller, rural hospitals are at risk of closure.
6 priorities for health system strategists in 2024
The current state of hospital finances
According to a new report from Strata Decision Technology, the median year-to-date (YTD) operating margin for hospitals was 4.9% in June. Meanwhile, the median YTD operating margin for health systems was 2.3%. Between June 2023 and June 2024, there was no year-over-year (YOY) change in operating margins for hospitals or health systems.
At the same time, hospitals saw...
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