MedCity News September 4, 2024
Health systems’ financial results suggest the start of sustained recovery, but persistent challenges remain, including rising expenses and less-than-ideal reimbursement rates from payers.
Health systems’ financial results so far this year suggest the start of a gradual and sustained recovery, though there are persistent challenges — such as high costs for drugs and supplies, as well as less-than-ideal rates from payers.
Despite ongoing cost pressures, hospitals’ median operating margin held steady at 4.2% to close out the first half of the year, dropping slightly in July to 4.1%, according to data Kaufman Hall released on Wednesday. This is compared to a median operating margin of 1.3% in July 2023 and -0.98% in July 2022.
“It is notable that many hospitals...
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