MedCity News August 1, 2024
A new report showed that financial margins have leveled off for both hospitals and physician groups in recent months. However, costs for drugs and labor continue to climb.
New data shows that the financial margins for hospitals and physician groups leveled off in the second quarter of 2024, despite high costs for drugs and labor.
Healthcare providers are standing on much steadier ground than they were last year. The median year-to-date operating margin among health systems held steady at 2.3% in June for the second month in a row, 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.
It showed that hospitals’ gross revenues...
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