Becker's Healthcare August 8, 2024
Median days cash on hand dipped to a 10-year low for U.S. hospitals and health systems, according to an Aug. 7 S&P Global Ratings’ report.
In 2023, overall operating expenses grew 5% after a 17% growth in 2022, and median total operating revenue was up 8.8% last year. There was continued pressure on days cash on hand. For the first time in the last decade, average days cash on hand dropped below 200 to 196.8. The upper half of U.S.-based nonprofit acute healthcare providers reported an average of 292 days while the lower half reported 128 days on average.
Unrestricted reserves were up “modestly” for most hospitals, according to the report, and there was a drop in median long-term debt...
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