Report: Hospital Finances Remain Stable
CHICAGO - September 4th, 2024 - Hospitals’ financial performance remains steady, according to the most recent National Hospital Flash Report from Kaufman Hall. A core measure of hospitals’ revenue, the Kaufman Hall Calendar Year-to-Date Operating Margin Index, was 4.1% in July.
“The theme of 2024 has been stability. We’re seeing improvements across the board, especially in outpatient revenue and shorter average length of stay. Notably, the reduction in average length of stay has also led to significant decreases in expenses, further bolstering hospital performance. However, while overall hospital performance has been strong, the financial performance of health systems has been trending lower than hospitals alone.”
– 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, now part of Strata.
About Kaufman Hall
Kaufman Hall provides management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, KaufmanHall 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.
KaufmanHall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of KaufmanHall 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