Just a few months remain in what is shaping up to be one of the worst financial years on record for hospitals. Expense pressures—particularly with the cost of labor—outpaced revenues and drove poor performance. While emergency department visits and operating room minutes increased slightly, hospitals struggled to discharge patients due to internal staffing shortages and shortages at post-acute facilities.
The median Kaufman Hall Operating Margin Index year-to-date, reflecting actual hospital margins, was -0.5% through October.
The November issue of the National Hospital Flash Report covers these and other key performance metrics.