Report: Hospital Finances Showed Continued Stability in October
CHICAGO - December 9th, 2024 - Hospitals’ financial and operational performance remained stable in October, with key indicators including revenue, operating margins, and the average length of patient stay generally holding steady, according to the most recent National Hospital Flash Report from Kaufman Hall, a Vizient company.
“Hospitals continue to experience overall financial and operational stability. However, supplies and drug expenses continue to put pressure on hospitals, and cost containment should be a priority. Continued growth in outpatient revenue and reductions in the average length of stay indicate that patient care is shifting to more ambulatory and outpatient care sites.”
– Erik Swanson, Senior Vice President and Data and Analytics Group Leader, 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, a Vizient company, 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.