Hospital Financials Appear Strong, but Performance is Uneven
CHICAGO – February 28TH, 2024 – Hospitals’ financial performance in January improved relative to previous years, according to the latest National Hospital Flash Report from Kaufman Hall. While margins declined slightly from December, they were higher in January relative to the same periods in 2022 and 2021.
“While hospital financials continue to show stabilization across all volume-adjusted metrics, a deeper dive into the data shows that not all organizations are experiencing the same stabilization. High-performing hospitals are doing better and better while lower financial performers have stagnated or seen their margins worsen. One factor driving this divide is the adoption of a well-defined advanced analytics and artificial intelligence strategy to support business objectives.”
– Erik Swanson, senior vice president of Data and Analytics, Kaufman Hall
The National Hospital Flash Report draws on data from more than 1,300 hospitals from Syntellis Performance Solutions.
About Kaufman Hall
Kaufman Hall provides management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods, rigorous analytics, and industry-leading solutions into their strategic planning and financial management processes, with a focus on achieving their most challenging goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; performance improvement; treasury and capital markets management; mergers, acquisitions, partnerships, and joint ventures; and real estate.
Kaufman Hall companies include Claro Healthcare and Gist Healthcare.
CONTACT: Nina Gabel, Ngabel@MessagePartnersPR.com, 540-209-1325