June 29, 2022
U.S. hospitals saw “skyrocketing expenses” offset revenue gains during May, according to the latest Kaufman Hall National Hospital Flash Report.
The report, released this week, indicates hospital margins are likely to remain below pre-pandemic levels if trends continue during the second half of 2022.
“While we are seeing hospitals revenues inch up, it simply is not enough to mitigate the skyrocketing costs of material and labor expenses, resulting in negative operating margins for the nation’s hospitals and health systems,” said Erik Swanson, a senior vice president of Data and Analytics with Kaufman Hall.
Here are five takeaways from this month’s report:
The report draws from a representative sample of 900 hospitals across the U.S. The full report is available to review online.
Tags: Public Health | COVID-19
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