Fierce Healthcare July 31, 2024
Hospitals and healthcare systems in the U.S. continue to experience significant expense challenges even as there have been signs of improvement in recent months, according to a new report from Strata Decision Technology.
The expense pressures and volatile patient volumes contrasted with stabilizing operating margins and some increased revenue metrics to make the overall market unpredictable, according to the report.
Total labor expense in June 2024 increased 5.2%, and total non-labor expense in the period was up 3.3% from June 2023. That is despite figures in May 2024 showing some of the year’s first decreases in supply and drugs expense and some other signs of improvement in June as overall expense declined 2.8% from May.
Such a trend in overall...
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