Becker's Healthcare March 21, 2025
Laura Dyrda

Hospitals across the U.S. are showing signs of sustained financial recovery, with both operating margins and operating EBITDA margins posting significant gains compared to three years ago, according to Kaufman Hall’s most recent “National Hospital Flash Report.”

However, the pace and consistency of improvement differ sharply depending on geographic region and hospital size.

Growth Plateaus

Overall, hospital operating margins have surged 74% since 2022, with operating EBITDA margins up 60%, signaling a strong rebound from the pressures of the pandemic and labor disruptions. However, growth appears to have stalled in the near term. Month-over-month, operating margins remained flat, and EBITDA margins slipped slightly by 1%, hinting at ongoing cost pressures or seasonal softening in performance.

Mixed regional...

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