Medical Economics October 3, 2022
Operating margins slightly improve, but low volumes hurt overall performance
High expenses and low volumes are creating fluctuating margins in 2022 for hospitals, according to the National Hospital Flash Report from Kaufman Hall.
For the eighth straight month, hospitals median operating margins are in the red. The median year-to-date operating margin index was -0.3% in August, an increase of 4.2 percentage points compared to July, but remain down 2.1 percentage points compared to August 2021.
Outpatient volumes increased in August as more elective procedures are performed as the pandemic declines, with operating room minutes up 13.6% from July 2022 and up 5.5% year over year, but that is still below pre-pandemic levels. Patient lengths of stay decreased 2.1% from July...
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