Becker's Healthcare December 20, 2024
Hospital financial metrics overall have improved slightly in 2024 and on average, hospitals are more financially stable heading into 2025 when compared with last year, according to Kaufman Hall’s National Hospital Flash Report.
However, many hospitals are still well below pre-pandemic and even 2021 financial benchmarks. Syntellis Performance Solutions, a Strata company, gathered data from 1,300 hospitals in the month of October. Here are 10 things to know about hospital profitability based on the data.
1. Average hospital operating margins jumped in October to 6.5%, compared with 3.5% in September. Year-to-date average operating margins in October held relatively steady at 4.4%, up slightly from the previous six months when year to date operating margins were 4.3%.
2. Operating margins increased...
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