Healthcare DIVE August 29, 2024
Increased demand for services helped offset high expenses for hospitals, according to analytic solutions firm Strata.
Dive Brief:
- U.S. hospitals reported strong operating margins on growing patient volumes in July, according to new data from analytic solutions firm Strata.
- Hospitals’ median year-to-date operating margin climbed from 4.9% in June to 6.5% in July amid increasing demand for both inpatient and outpatient services, according to the report.
- Still, expense increases were “sizable” in July, Strata said. Non-labor expenses, including for drugs and supplies, grew at a quicker clip than labor costs year over year.
Dive Insight:
Strata analyzed financial data from more than 1,600 hospitals and 135,000 providers, and found revenues outpaced expenses for most hospitals in July. Strong...
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