November 30, 2022
The nation’s hospitals have faced “one of the worst financial years on record,” and the pressures continued during October, according to the latest Kaufman Hall flash report.
The Kaufman Hall report, released today, indicated that the year-to-date operating margin index for hospitals was -0.5 percent through October, with elevated expenses continuing to outpace revenues last month.
“Record-high expenses across the economy have not eased up, leaving hospitals in a precarious financial position as we look to the end of the year,” said Erik Swanson, senior vice president of data and analytics with Kaufman Hall.
Among the key takeaways:
The Kaufman Hall report includes both actual and budget data from the last three years from a representative sample of more than 900 hospitals. The report includes data by hospital beds, as well.
The report is available to review online.
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