Hospital margins hold steady in October

Hospital margins hold steady in October

Becker’s Hospital CFO Report

November 28, 2023

Hospitals’ median operating margin was 1.2% through October, marking the third straight month with the same year-to-date median and signaling growing stability. The latest figure comes from Kaufman Hall’s November “National Hospital Flash Report,” which is based on data from more than 1,300 hospitals. Kaufman Hall said the 1.2% year-to-date median operating margin for October reflects “continued stabilization” among hospitals. In the first 10 months of 2023, hospitals’ net operating revenue per calendar day was up 6%, and total expense per calendar day was up 4% compared to the same time period in 2022. ... Discharges stayed unchanged from September, while average length of stay ticked up 1% and operating room minutes increased 6%.