Research Report

National Hospital Flash Report: January 2023

5 minute
January 2023 Operating Margins

Above Chart: Kaufman Hall Operating Margin Index™ YTD by Month

Last year was the worst financial year for hospitals and health systems since the start of the COVID-19 pandemic, according to the latest data from Kaufman Hall.

The median Kaufman Hall Year-To-Date Operating Margin Index reflecting actual margins was 0.2% in December, the only month in 2022 where hospitals realized positive YTD margins. Despite the end-of-year upswing, approximately half of U.S. hospitals finished 2022 with a negative margin as growth in expenses outpaced revenue increases.

The January issue of the National Hospital Flash Report covers these and other key performance metrics.

Erik Swanson headshot
Erik Swanson is a Senior Vice President leading Kaufman Hall’s Data and Analytics Group where he focuses on providing cutting-edge data science tools to our clients to provide deeper and more timely insight, drive operational improvement, develop thought leadership, and produce the most meaningful outcomes.
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