A new report from Kaufman Hall shows that hospitals’ finances have remained stable in 2024 compared to last year. Despite slight underperformance relative to pre-pandemic levels, median operating margins have been consistently positive. Improvements in patient volume and care transition processes have contributed to this stability. The report also highlights a decrease in the utilization of goods and supplies due to shorter patient stays, as well as a shift towards a full-employment model, reducing contract labor costs. Outpatient services have become a significant source of revenue for hospitals, and those without a strong outpatient presence may face challenges in competing with peers.
Source link
What Factors Have Led to Hospitals’ Relative Financial Stability in 2024?
