October 03, 2022
Hospitals continue to struggle with fluctuating margins and are likely to end 2022 in the red, according to the latest analysis from Kaufman Hall.
In today’s National Hospital Flash Report, Kaufman Hall indicated that U.S. hospitals had improved financial metrics during August, but are “still operating substantially below pre-pandemic levels.”
“August was a better month for hospital patient volumes with both elective surgeries and discharges up, which combined to improve revenues,” Erik Swanson, a senior vice president of Data and Analytics with Kaufman Hall, said in a statement.
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“Despite the short-term improvements, though, overall hospital performance is still well below pre-pandemic levels,” Swanson said. “In addition, hospitals need to reckon with new market entrants, like urgent care centers and free-standing surgery centers, that are chipping away at hospital outpatient revenues and overall margins.”
The Kaufman Hall report includes data from 900 hospitals to provide an overview of the financial outlook for U.S. hospitals. The report is available to review online.
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