MedCity News September 2, 2024
Many healthcare providers saw their revenues and operating margins grow in July, despite the fact that both labor and non-labor expenses continue to grow, according to new data.
Many healthcare providers saw their revenues, operating margins and patient volumes increase this July, despite the fact that expenses continue to grow, according to a new report from Strata Decision Technology.
The report is based on data from more than 135,000 physicians and more than 1,600 hospitals.
Health systems continue to stand on much steadier ground than they were last year — but their year-to-date operating margin fell slightly from 2.3% in June to 2.1% in July, according to Strata’s data. As for hospitals, the year-to-date operating margin climbed to 6.5%...